H.G. Infra rises on bagging Rs 4,970-cr contract from Adani Road Transport

7 Jun 2022 , 02:48 PM

The value of the said contract is more than the current market capitalization of the company, which presently stands at Rs 3,784.49 crore. The project involves the execution of civil & associated works on an engineering procurement & construction (EPC) basis for the development of access – controlled six-lane (expandable to eight-lane) greenfield Ganga Expressway in the State of Uttar Pradesh on design-build-operate-transfer (DBFOT) (Toll) basis under public-private partnership (PPP). The total design length is 151.700 km. The project has to be completed within 820 days from the appointed date to be declared by the Uttar Pradesh Expressways Industrial Development Authority. H.G. Infra Engineering is primarily engaged in the business of engineering, procurement, and construction (EPC) relating to roads, bridges, flyovers, and infrastructure contract works and related activities. The companys consolidated net profit declined 6.44% to Rs 103.95 crore on a 0.51% rise in net sales to Rs 1064.69 crore in Q4 March 2022 over Q4 March 2021. Powered by Capital Market – Live News