HG Infra Engineering shares jump 5% on receiving order worth Rs 716 crore from Central Railway
HG Infra Engineering shares jumped over 5% to Rs 1,579 in Friday's intraday trade on BSE after the company received an order worth Rs 716 crore from Central Railway.
The contract involves constructing a new broad gauge line between Dhule (Borvihir) and Nardana in Maharashtra, covering approximately 49.45 km. The project, to be executed under the engineering, procurement, and construction (EPC) model, has a timeline of 30 months.
At 11:16 am, the stock was trading 4.2% higher at Rs 1,565 on BSE. The stock has also surged 85% year-to-date, and over 150% in the past two years.
Earlier in August, HG Infra was awarded the lowest bid (L-1) by the Ministry of Road Transport and Highways (MoRTH) for a Rs 781.11 crore project to upgrade a 6-lane road, including an elevated corridor from Narol Junction to Sarkhej Junction on NH 47 in Gujarat under Hybrid Annuity Model (HAM).
In July, the company also won a project from the Ministry of Road Transport & Highways (MoRTH) with an estimated cost of Rs 898.5 crore, securing the contract with a bid of Rs 763.11 crore.
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