HG Infra Engineering Ltd witnessed a nearly 4% surge in share price during early trade on January 12, following the company’s selection as the lowest bidder by the Central Railway for a substantial Rs 716.11-crore project.
As of 9:26 am, HG Infra Engineering Ltd was trading at Rs 919.50 on the BSE, marking an increase of Rs 33.35 or 3.76%. The awarded project involves the development of a new broad gauge line connecting Dhule (Borvihir) to Nardana in Maharashtra, with a total project cost of Rs 716.11 crore and an estimated construction period of 30 months.
