H G Infra's subsidiary receives appointed date from NHAI for road project

10 Oct 2022 , 09:19 AM

H.G. Infra Engineering Limited (HGINFRA) has informed that its wholly-owned subsidiary H.G. Khammam Devarapalle Pkg-2 Private Limited has received the letter from National Highways Authority of India (NHAI’).

The LoI dated October 06, 2022 is for declaration of appointed date for the project “Construction of 4 lane Access Controlled New Greenfield Highway Section of NH365BG (Khammam – Devarapalle) of length 29.513km from Somavaram village to Chintagudem village (Design Chainage. Km 33+604 to km 63+117) under Inter Corridor Route under – Bharatmala Pariyojana on Hybrid Annuity mode in the state of Telangana (Package-II)”.

As per the filing, the NHAI estimated project cost is Rs523.59 crore while HG Infra bid project cost is Rs637.11 crore. Further, the completion period is 730 days and the appointed date is September 13, 2022.

At around 9:19 AM, H.G. Infra Engineering Ltd is currently trading at Rs579.65 per share down by Rs3.7 or 0.63% from its previous closing of Rs583.35 per share on the BSE.

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