HG Infra Engineering rises on project win worth Rs 862.11 crore from NHAI

HG Infra Engineering

HG Infra Engineering share price was up in early trade on March 12 after the company received a letter of award worth Rs 862 crore from the National Highways Authority of India (NHAI).

At 09:22am, HG Infra Engineering Ltd. was quoting at Rs 915.95, up Rs 5.80, or 0.64 percent. on the BSE.

The project is the "Access controlled highway of 4 Lane with Paved Shoulders from TN/AP Border (Design Chainage km 61+51) to Puttur (Design Chainage Km 81+450) of NH-716 & 6 Lane with Paved Shoulders from Mallavaram (Design Chainage Km 97+100) to Renigunta (Design Chainage Km 114+500) of NH-71 in the state of Andhra Pradesh on Hybrid Annuity Mode under NH(O) (Chennai-Tirupati Package-II)".

The said project is to be completed in 24 months.

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Projects win in March

The company received a contract for the construction of a 4-lane elevated corridor at Kalimandir- Dimna Chowk- Baliguma (Jamshedpur) section of NH-33 (New NH-18, from km 241.940 to km 251.961) under NH(O) on Engineering, Procurement and Construction (EPC) mode in Jharkhand.

The project cost is Rs 610.11 crore and the construction period is 30 months.

On March 2, the company received the letter of acceptance from South Central Railway for the project of doubling of track between Karanjgaon station at Km 69.01 (Ch 69010) and Aurangabad station at Km 113.15 (Ch 113150). This order also includes the electrification and signaling works in connection with Aurangabad Ankai Doubling Project in Nanded Division of South-Central Railway. The said project cost is Rs 447.11 crore.