Stock Report

PWD, Rajasthan cancels tender allocated to H G Infra Engineering Ltd



Posted On : 2022-01-12 21:53:36( TIMEZONE : IST )

PWD, Rajasthan cancels tender allocated to H G Infra Engineering Ltd

The Public Works Department (PWD), Rajasthan, vide its order dated January 10, 2022, received by the Company on January 11, 2022, has annulled the tender for "Development and Maintenance of (1) Beawar Masuda Goyala Section of SH 26A (Length 66.77 km); (11) Arain Sarwar Section of SH-7E (Length 44.260 km) & (111) NH-12 Laxmipura Dora Dabi Ranaji ka Gudha Section of SH-115 (Length 49.60 Km); (Total Length: 160.630 km) through Public Private Partnership (the "PPP") under Design, Build, Operate/Maintain & Transfer (the "DBOT Hybrid Annuity") Basis" as the Letter of Award ("LOA") dated November 02, 2021 issued by the PWD, Rajasthan to the Company for an amount of Rs. 331.11 Crore against the HGIEL Bid Project Cost of Rs. 448.11 Crore was not accepted by the Company.

Shares of H.G. Infra Engineering Limited was last trading in BSE at Rs. 588.55 as compared to the previous close of Rs. 599.05. The total number of shares traded during the day was 9522 in over 789 trades.

The stock hit an intraday high of Rs. 598.75 and intraday low of 583.30. The net turnover during the day was Rs. 5620573.00.

Source : Equity Bulls

Keywords

HGInfraEngineering INE926X01010 Tender Annulment