This small-cap civil construction company is declared as an L1 bidder for a project worth Rs 1303.11 crore!

Shares of the company have gained more than 23 per cent in just six months.

On March 16, 2023, HG Infra Engineering Limited informed in the exchange filing that the company has been declared as an L-I bidder by the National Highways Authority of India (NHAI) for the construction of 6 lane greenfield Varanasi-Ranchi-Kolkata highway from Deoria village to Donoreshan village under Bharatmala Pariyojana in the state of Jharkhand.

The project cost is estimated to be Rs 998.36 crore by NHAI and HG Infra were declared as the lowest bidder with a project cost of Rs 1303.11 crore. The construction period is of 730 days and on hybrid annuity mode.

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 791, with a high and low of Rs 804.65 and Rs 791. The stock previously closed at Rs 789.05. The stock is currently trading at Rs 798.65, up by 1.22 per cent. 

In the last six months, the shares of the company have given about 24 per cent returns and in the last 1 year, the stock has given about 35 per cent returns.

The stock has a 52-week high of Rs 810.20 and a 52-week low of Rs 508.55. The company has a ROCE of 28.5 per cent and an ROE of 30.5 per cent with a market capitalisation of Rs 5,217 crore.