HG Infra Engineering shares gain 3% on bagging 2 highway projects from NHAI

HG Infra Engineering percentage charge received three percentage intraday on April three after the corporation bagged  initiatives from the National Highways Authority of India (NHAI).

HG Infra Engineering has obtained the Letter of Award (LoA) from the NHAI for creation of six-lane greenfield Varanasi-Ranchi-Kolkata motorway from Deoria village to Donoreshan village beneathneath Bharatmala Pariyojana withinside the kingdom of Jharkhand on hybrid annuity mode.

The order really well worth Rs 998.four crore and creation duration is 730 days.

The corporation obtained some other LoA of Rs 764.01 crore for the development of six-lane greenfield Varanasi-Ranchi-Kolkata motorway from Lepo village to Kamlapur village beneathneath Bharatmala Pariyojana in Jharkhand on hybrid annuity mode.

At nine:43am, HG Infra Engineering Ltd turned into quoting at Rs 792.85, up Rs 11.50, or 1.forty seven percentage, at the BSE.

The percentage touched a 52-week excessive of Rs 823 and a 52-week low of Rs 508.fifty five on March 23 and May 11, respectively. It is buying and selling three.sixty six percentage under its 52-week excessive and fifty five.nine percentage above its 52-week low.