H G Infra Engineering Limited receives LOA from NHAI for road project in Andhra Pradesh

H.G. Infra Engineering Limited (HGINFRA) has received the Letter of Award (LOA) dated July 30, 2021 from National Highways Authority of India (NIIAI) for the project "Development of Six Lane Aluru-Jakkuva sectioli of NH-130-CD - Road from km 365+033 to km 396+800 under Raipur-Visakhapatnam Economics Corridor in the state of Andhra Pradesh on Hybrid Annuity Mode (HAM)[Package-I(AP)].

The NHAI estimated project cost is Rs. 859.30 crores and HGINFRA's bid project cost is Rs. 1060.11 crores.

The completion period for the project is 730 Days.

Shares of H.G. Infra Engineering Ltd was last trading in BSE at Rs. 528.5 as compared to the previous close of Rs. 518.05. The total number of shares traded during the day was 28662 in over 1974 trades.

The stock hit an intraday high of Rs. 530.95 and intraday low of 515.5. The net turnover during the day was Rs. 15021174.

Source : Equity Bulls

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