H G Infra gets appointed date for project from Adani Road Transport; Stock climbs 3%

24 Nov 2022 , 11:48 AM

H.G. Infra Engineering Limited ((HGINFRA’) has received a letter from Adani Road Transport Limited on November 23, 2022 regarding declaration of Appointed Date by Authority as November 03, 2022.

As per the filig, the project is the “Execution of Civil & Associated works on Engineering Procurement & Construction (EPC) basis for “Development of an Access – Controlled Six lane (Expandable to Eight lane Greenfield “Ganga Expressway” (Group-II) from km. 137+600 (Village: Nagla Barah, Distt. Badaun) to km: 289+300, (Village: Ubariya Khurd, Distt. Hardoi), in the State of Uttar Pradesh on DBFOT (Toll) basis under PPP.”

Further, the contract price is Rs4,970.99 crore and completion period is 820 days from the appointed date, the company said.

At around 11:55 AM, H.G. Infra Engineering Ltd is currently trading at Rs592.40 per share up by Rs18.65 or 3.25% from its previous closing of Rs573.75 per share on the BSE.

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