This infrastructure company bags construction project worth Rs 997.11 crore from NHAI

Shares of the company closed in green despite market correction.

HG Infra Engineering has been declared as an L-1 bidder by the National Highways Authority of India (NHAI) for the construction of 6-Lane Greenfield Karnal Ring Road, starting from NH44 near Vill Shamgarh design km 0.000 and terminating at Karnal Munak Road (MDRI115) Vill Samalakhal (Design km 34.500) under Bharatmala Pariyojana (BMP) in Haryana on hybrid annuity model (HAM). 

The company’s bid project cost is Rs 997.11 crore and the construction period is 730 days. 

HG Infra is a road infrastructure company engaged in the business of engineering, procurement and construction (EPC) services, maintenance of roads, bridges, flyovers and other infrastructure contract works. 

Today, the stock opened at Rs 629.40, hitting a high and low of Rs 684.80 and Rs 481.00. The stock previously closed at Rs 621.30. The stock closed trading at Rs 633.55, up by almost 2 per cent.  

In the last six months, the shares of the company have given 12.08 per cent returns and on a YTD basis, the stock has given 6.66 per cent returns. It has a 52-week high of Rs 684.80 and a 52-week low of Rs 481.00.