This small-cap engineering company received a Letter of Award of more than Rs 40 crore from NTPC!
The company has extensive experience in its focus area of road projects, including highways, bridges and flyovers.
On May 23, 2023, NTPC issued a Letter of Award (LoA) to H.G. Infra Engineering for the rate contract for the transportation of pond ash from the NTPC Simhadri ash dike to road construction locations in the state of Andhra Pradesh. An LoA of Rs 42.5 crore has been given to the company.
The scrip opened today at Rs 926.15 and touched the day high and low of Rs 931.95 and Rs 912.35, respectively. Its 52-week high stood at Rs 977.60, whereas its 52-week low was Rs 509.60. The current market cap of the company is Rs 5,973.91 crore. Promoters hold 74.53 per cent, whereas Institutional and non-institutional holdings are 15.35 per cent and 10.12 per cent respectively.
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H.G. Infra Engineering Limited (HGIEL) is an Indian road infrastructure company that provides engineering, procurement, and construction (EPC) services, as well as maintenance services for flyovers, bridges, and other types of infrastructure. The company's primary business is the EPC of road building, with a concentration on Hybrid Annuity Model (HAM) Projects. The Co is additionally qualified to submit an independent bid for substantial EPC and HAM projects.