Stock Report

H G Infra Engineering Ltd bags order worth Rs. 331.11 crore

Posted On : 2021-11-07 13:51:09( TIMEZONE : IST )

H.G. Infra Engineering Limited ('HGINFRA') has received the Letter of Award (LOA) dated November 02, 2021 from Public Works Department (PWD), Rajasthan for an amount of Rs. 331.11 Crore for the project 'Development and Maintenance of (i) Beawar Masuda Goyala Section of SH 26A (Length 66.77 km); (ii) Arain Sarwar Section of SH-7E (Length 44.260 km) & (iii) NH-12 Laxmipura Dora Dabi Ranaji ka Gudha Section of SH-115 (Length 49.60 Km); (Total Length: 160.630 km) through Public Private Partnership (the 'PPP') under Design, Build, Operate/Maintain & Transfer (the 'DBOT Hybrid Annuity') Basis.

The PWD estimated project cost is Rs. 394.56 crore and HGINFRA bid project cost is Rs. 448.11 crore.

Shares of H.G. Infra Engineering Limited was last trading in BSE at Rs. 785.45 as compared to the previous close of Rs. 775.10. The total number of shares traded during the day was 1307 in over 126 trades.

The stock hit an intraday high of Rs. 804.40 and intraday low of 782.05. The net turnover during the day was Rs. 1028039.00.