H G Infra Engineering Ltd declared as L-1 bidder by the Maharashtra Metro Rail Corporation Limited

H.G. Infra Engineering Limited (the "Company" or "HGINFRA") jointly with Kalpataru Projects International Limited has been declared as L-1 bidder by the Maharashtra Metro Rail Corporation Limited in a Joint Venture bidding. HGINFRA has 40% share and Kalpataru Projects International Limited has 60% share in the Joint Venture for the below project.

The order is for Design and Construction of Elevated Metro Viaduct of length 20.527 kms between UG Ramp and Balkum Naka including Depot Approach Viaduct and three Special Spans for Thane Integral Ring Metro Project.

The bid project cost is Rs. 1415.00 crore including taxes (GST as applicable).

Shares of H.G. Infra Engineering Limited was last trading in BSE at Rs. 863.90 as compared to the previous close of Rs. 863.50. The total number of shares traded during the day was 11189 in over 707 trades.

The stock hit an intraday high of Rs. 867.05 and intraday low of 856.20. The net turnover during the day was Rs. 9655349.00.

Source : Equity Bulls

Keywords

HGInfraEngineering INE926X01010 Construction Engineering L1Bidder