Hot Pursuit     05-Jun-23
H.G. Infra gains on receiving LOA from North Central Railway
H.G. Infra Engineering rose 1.73% to Rs 959.45 after the company received letter of acceptance (LOA) from DYCE-C-CNB-ENGINEERING/North Central Railway for redevelopment of Kanpur Central Railway Station.
The scope of the project involves redevelopment of Kanpur Central Railway Station at Kanpur on engineering, procurement and Construction (EPC) mode in Uttar Pradesh.

The estimated cost of the project is Rs 677.31 crore and the company's bid project cost is Rs 655.099 crore. The construction period of the project is 36 months.

H.G. Infra Engineering is engaged in engineering, procurement and construction (EPC), maintenance of roads, bridges, flyovers and other infrastructure contract works.

The company's net profit jumped 64.43% to Rs 170.92 crore on 44.22% increase in revenue from operations to Rs 1,535.43 crore in Q4 FY23 over Q4 FY22.

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