HG Infra Engineering share price gained nearly 4 percent in the early trade on January 12 after the company was picked as the lowest bidder by the Central Railway for a Rs 716.11-crore project.
At 9.26 am, HG Infra Engineering Ltd was quoting at Rs 919.50, up Rs 33.35, or 3.76 percent, on the BSE.
The project is new broad gauge line between Dhule (Borvihir) and Nardana in Maharashtra. The project cost is Rs 716.11 crore and construction period is 30 months.
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In December, the company received a Rs 36.20-crore the letter of award from NTPC for transporting pond ash from NTPC Ramagundam to NHAI road construction projects. The project is for one year and can be extended by another six months.
On December 1, the company's subsidiary HG Varanasi -Kolkata PKG-13 Private Limited received a financial closer letter from National Highways Authority of India (NHAI) for the construction of the six-lane Greenfield Varanasi-Ranchi-Kolkata Highway under the Bharatmala Pariyojana in Jharkhand on hybrid annuity mode (HAM).
The share touched a 52-week high of Rs 1,016.75 on September 6, 2023 and a 52-week low of Rs 619.15 on January 27, 2023. The stock is trading 9.56 percent below its 52-week high and 48.51 percent above its 52-week low.
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