HG Infra Engineering bags ₹781 Crore order in Gujarat

10 Sep 2024 , 02:18 PM

On Monday (September 9), HG Infra Engineering Ltd received a ₹781.11 Crore contract from the Ministry of Road Transport & Highways (MoRTH) to upgrade NH 47.

The project entails improving an existing six-lane road, including an elevated corridor, between Narol junction and Sarkhej junction on National Highway 47 in Gujarat. The hybrid annuity method (HAM) will be used to carry out the project, which will stretch 10.630 kilometres and take 2.5 years to complete.

Last month, HG Infra Engineering was the lowest bidder (L1) for a road upgrade project in Gujarat. MoRTH anticipated a project cost of ₹883.24 Crore, while HG Infra bid ₹781.11 Crore.

HG Infra Engineering, situated in Rajasthan, provides infrastructure construction services. The company provides highways, runways, bridges, civil construction, roads, land development, water pipes, rehabilitation, and upgrading services.

H.G. Infra Engineering Limited (HGIEL) is an Indian infrastructure company that focusses on roads, highways, and bridges. Hodal Singh, a construction industry veteran, created the company in 2003, and Harendra Singh, Chairman and Managing Director, leads it now.

At around 10.40 AM, HG Infra was trading 4.14% higher at ₹1,521.35 per piece, against the previous close of ₹1,460.80 on NSE. The counter touched an intraday high and low of ₹1,540, and ₹1,501.30, respectively.

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