HG Infra bags order worth ~Rs4,971 crore from Adani Road Transport; stock spurts ~3%

7 Jun 2022 , 02:50 PM

H.G. Infra Engineering Limited has received the Letter of Award (LoA) dated June 06, 2022, from Adani Road Transport Limited.

The LOA received is for Execution of Civil & Associated works on Engineering Procurement & Construction (EPC) basis for “Development of an Access -Controlled Six lane (Expandable to Authority (i.e. Eight lanes) Greenfield Ganga in the State of Uttar Pradesh on DBFOT (Toll) basis under PPP.

The project is expected to be completed within 820 days from the appointed date yet to be declared by the Uttar Pradesh Expressways Industrial Development Authority.

The order received is for Rs4,970.99 crore. The area involved in the said project is 151.70 km.

HG Infra’s counter added 3.18% at Rs581.05 against its previous close of Rs563.15 on NSE. It touched intraday high and low of Rs595 and Rs563.10 respectively so far.