HGINFRA receives LOA for two projects from NHAI

H.G. Infra Engineering Limited (the 'Company' or 'HGINFRA') has received the Letter of Award (LOA) dated October 25, 2021 from National Highways Authority of India (NHAI) for the projects mentioned below:

Development of Six Lane Kaliagura-Baunsaguar Section of NH-130-CD Road from km 249+000 to km 293+000 under Raipur - Visakhapatnam Economics Corridor in the state of Odisha on Hybrid Annuity Mode (Package - OD-5). The NHAI bid project cost is Rs. 1338.27 crore. HGINFRA bid project cost is Rs. 1492.11 crore. The completion period is 730 days.

Development of Six Lane Baunsaguar-Baraja Section of NH130-CD Road from km 293+ 000 to km 338+500 under Raipur-Visakhapatnam Economics Corridor in the state of Odisha on Hybrid Annuity Mode (Package - OD-6). The NHAI bid project cost is Rs. 958.98 crore. HGINFRA bid project cost is Rs. 1,123.11 crore. The completion period is 730 days.

Shares of H.G. Infra Engineering Limited was last trading in BSE at Rs. 711.95 as compared to the previous close of Rs. 729.70. The total number of shares traded during the day was 54805 in over 3415 trades.

The stock hit an intraday high of Rs. 749.00 and intraday low of 667.85. The net turnover during the day was Rs. 37783360.00.

Source : Equity Bulls

Keywords

HGInfraEngineering INE926X01010 HGINFRA Construction Engineering LOA NHAIProjects