HG Infra jumps 4% on receiving LoA from NHAI for road project in Delhi

The development of a 6-lane Urban Extension Road from NH 1 to Karala Kanjhawala Road (15.70 km) will be on EPC mode.

Jul 26, 2021 01:07 IST India Infoline News Service

HG Infra
HG Infra Engineering Limited (HGIEL) has received the Letter of Acceptance (LOA) dated July 23, 2021, from the National Highways Authority of India (NHAI) for the development of a 6-lane Urban Extension Road from NH 1 to Karala Kanjhawala Road (15.70 km) in Delhi on EPC mode.

The estimated project cost is Rs1646.57cr and the bid project cost from HG Infra is Rs1393.11cr. The completion period is two years.

At around 1.10 PM, H.G. Infra Engineering Ltd was trading at Rs499.70 per piece up by Rs20.3 or 4.23% from its previous closing of Rs479.40 per piece on the BSE.
The scrip opened at Rs491 and has touched a high of Rs522 during intraday trade on Monday.

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