H.G. Infra Engineering (HGINFRA) witnessed a 5% rise in its share price following the receipt of a Letter of Acceptance (LoA) from the Ministry of Road Transport and Highways (MoRTH). The contract pertains to the improvement and upgradation of the two-lane NH227B highway with paved shoulders in Uttar Pradesh. Known as the “84 Kosi Parikrama Marg” project, it covers a 63.84 km stretch from Bahuvan Madar Majha to Jagarnathpur.
The project, valued at an estimated INR 898.5 crores, will be executed under the Hybrid Annuity Mode (HAM), with HGINFRA’s bid at INR 763.11 crores. The construction is set to be completed within two years, further strengthening road connectivity in the region.
H.G. Infra Engineering’s stock opened today at ₹1,532.00 today, matching its high, while the low was ₹1,506.00. The stock is trading within its 52-week range of ₹805.10 to ₹1,879.90.
As of 9:20 am, H.G. Infra shares were trading 4.13% higher at Rs 1,514.20 on the NSE.
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