Hot Pursuit     12-Jan-24
H.G. Infra jumps on emerging as L-1 bidder for railway project in Maharashtra
H.G. Infra Engineering rallied 3.24% to Rs 914.85 after the firm announced that it has been declared as lowest bidder (L-1) by Central Railway for construction of a new railway line in Maharashtra under EPC mode.
The scope of the project entails construction of new BG line between Dhule (Borvihir) to Nardana (approximately 49.45 Km) of Central Railway in the state of Maharashtra.

Central Railway's estimated cost of the project is Rs 740.54 crore and the company's bid project cost is Rs 716.11 crore. The construction period of the project is 30 months.

H.G Infra Engineering provides engineering, procurement and construction (EPC) services on a fixed-sum turnkey basis and undertakes civil construction and related infrastructure projects in the road construction space.

The company’s consolidated net profit rose 17.3% to Rs 96.12 crore on 20% increase in net sales to Rs 954.53 crore in Q2 FY24 over Q2 FY23.

Previous News
  H.G. Infra Engineering consolidated net profit rises 37.41% in the June 2023 quarter
 ( Results - Announcements 01-Aug-23   07:36 )
  H.G. Infra Engineering to commence project of South Central Railway
 ( Corporate News - 18-Jun-24   19:03 )
  H.G. Infra Engineering standalone net profit rises 21.25% in the June 2023 quarter
 ( Results - Announcements 01-Aug-23   07:34 )
  H.G. Infra Engineering wins order of Rs 716 cr
 ( Corporate News - 02-Feb-24   19:35 )
  H.G. Infra Engg emerges as L-1 bidder for construction project in Jharkhand
 ( Hot Pursuit - 08-Mar-24   12:00 )
  H.G Infra Engg. to declare Quarterly Result
 ( Corporate News - 03-Nov-22   18:46 )
  H.G. Infra Engineering incorporates SPV to undertake NHAI road project
 ( Corporate News - 20-Aug-21   18:20 )
  H.G. Infra Engineering consolidated net profit rises 43.06% in the June 2018 quarter
 ( Results - Announcements 31-Jul-18   16:33 )
  H.G. Infra hits 52-week high; jumps 9% in four days
 ( Hot Pursuit - 09-Mar-23   15:31 )
  H.G. Infra Engineering achieves financial closure for NHAI road project
 ( Corporate News - 30-Nov-23   17:24 )
  H.G Infra Engg. to announce Quarterly Result
 ( Corporate News - 06-May-21   16:37 )
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