HG Infra Engg jumps 10% on bagging Rs 522 crore highway project from NHAI
Shares of HG Infra Engineering jumped over 10 per cent to Rs 269 apiece on the BSE on Friday, a day after the company said it has bagged a highway project worth Rs 522 crore in Haryana from the National Highways Authority of India (NHAI).
At 10:44 am, the stock was trading over 6 per cent higher at Rs 259. In comparison, the S&P BSE Sensex was trading 267 points or 0.65 per cent higher at Rs 41,431 levels.
In its regulatory filing, the company on Thursday said it has been declared L-1 (lowest) bidder by the National Highways Authority of India (NHAI) for the construction of proposed Rewari Bypass (NH-1l) in Rewari, Haryana on Hybrid Annuity Mode (HAM) amounting to Rs 522.02 crore.
