H.G. Infra Engineering rises after declared as L-1 bidder by NHAI for Karnataka project

H.G. Infra Engineering is currently trading at Rs. 589.45, up by 3.90 points or 0.67% from its previous closing of Rs. 585.55 on the BSE.

H.G. Infra Engineering
H.G. Infra Engineering

The scrip opened at Rs. 619.00 and has touched a high and low of Rs. 619.00 and Rs. 585.90 respectively. So far 3071 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 830.80 on 27-Oct-2021 and a 52 week low of Rs. 212.00 on 28-Jan-2021.

Last one week high and low of the scrip stood at Rs. 631.00 and Rs. 559.20 respectively. The current market cap of the company is Rs. 3845.42 crore.

H.G. Infra Engineering The promoters holding in the company stood at 74.53%, while Institutions and Non-Institutions held 15.20% and 10.27% respectively.

HG Infra Engineering has been declared as L-1 bidder by National Highways Authority of India (NHAI), New Delhi for the project 6-laning with access from km 29.435 to km 74.168 of Neelmangala – Tumkur including Tumkur bypass section of NH- 48 (Old NH-4) in the state of Karnataka on EPC mode under Bharatmala Pariyojna. NHAI bid project cost is Rs 1112.10 crore and HG Infra Engineering bid project cost is Rs 844.11 crore.

HG Infra Engineering is an infrastructure construction, development and management company with extensive experience in its focus area of road projects, including highways, bridges and flyovers.

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