Hot Pursuit     30-Dec-22
H.G. Infra spurts on bagging LoA from NHAI
H.G. Infra Engineering rallied 4.92% to Rs 603.85 after the company said that it has received letter of award (LoA) from the National Highways Authority of lndia (NHAI) for a hybrid annuity model (HAM) project in the state of Haryana.

The scope of the project entails construction of 6-lane Greenfield Karnal Ring Road starting from NH44 near Village Shamgarh and terminating at Karnal -Munak Road (MDR-115) near Village Samalakha under Bharatmala Pariyojana in Haryana.

NHAI's estimated cost of the project is Rs 743.74 crore and the company's bid project cost is Rs 997.11 crore. The completion period is 730 days.

H.G. Infra Engineering is primarily engaged in the business of engineering, procurement, and construction (EPC) relating to roads, bridges, flyovers, and infrastructure contract works and related activities.

The company's consolidated net profit rose 10% to Rs 81.93 crore on 1.3% increase in net sales to Rs 795.70 crore in Q2 FY23 over Q2 FY22.

Previous News
  H.G. Infra Engineering to commence project of South Central Railway
 ( Corporate News - 18-Jun-24   19:03 )
  H.G. Infra gains on emerging as L-1 bidder for construction project in Jharkhand
 ( Hot Pursuit - 23-Mar-23   09:22 )
  H.G. Infra gets provisional certificate for project in Rajasthan
 ( Hot Pursuit - 13-Oct-22   15:17 )
  H.G. Infra Engineering bags NHAI's Varanasi-Ranchi-Kolkata Highway project
 ( Corporate News - 22-Mar-23   19:32 )
  H.G. Infra Engg emerges as L-1 bidder for South Central Railway project
 ( Hot Pursuit - 01-Feb-24   08:53 )
  H.G. Infra Engineering successfully bids for Central Railways project of Rs 716 cr
 ( Corporate News - 12-Jan-24   10:02 )
  H G Infra declared as L-1 bidder for road project in Delhi
 ( Hot Pursuit - 09-Jul-21   15:19 )
  H.G. Infra Engineering successfully bids for redevelopment project of Kanpur Central Railway Station
 ( Corporate News - 22-Mar-23   16:15 )
  H.G Infra Engg. to hold AGM
 ( Corporate News - 03-Jun-22   12:10 )
  H.G. Infra Engineering consolidated net profit rises 96.86% in the September 2021 quarter
 ( Results - Announcements 08-Nov-21   17:16 )
  H.G. Infra Engineering Limited: Ratings reaffirmed for the bank lines; rating assigned for Non-convertible debenture programme
 ( Press Releases - 13-Dec-21   11:09 )
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