H.G. Infra gets financial closure letter from NHAI; stock down 1%

H.G. Infra Engineering Limited has received the financial closure letter dated February 17, 2020 from the National Highways Authority of India.

Feb 18, 2020 08:02 IST India Infoline News Service

HGIL
H.G. Ateli Narnaul Highway Private Limited, wholly owned subsidiary of H.G. Infra Engineering Limited has received the financial closure letter dated February 17, 2020 from the National Highways Authority of India.

The stock is trading lower by 1.12% in trade today.
H.G. Infra Engineering Ltd is currently trading at Rs242.80 down by Rs7.15 or 2.86% from its previous closing of Rs249.95 on the BSE.
The scrip opened at Rs249.55 and has touched a high and low of Rs249.55 and Rs240 respectively. So far 48,870 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs1,628.95cr.
 
The details of the project are as under:

Name of SPV and Project

HGIEL Bid Project Cost ( INR in Cr.)

1st year O&M quote (INR in Cr.)

Cons tructio n Period

Operation Period

Date of Financial Closure

H.G. Ateli Narnaul Highway Private Limited

Construction of proposed Narnaul Bypass (design length

24.0 km) & Ateli Mandi to

Narnaul section of NHAI from km 43.445 to km 56.900 (design length 14.0 km) as an Economic Corridor & Feeder route in the state of Haryana on Hybrid Annuit) M ode

952.11

5.00

910 D ays

15 Years

19.12.2019


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