HG Infra-led arm receives completion certificate for project worth Rs606 crore; stock skids ~2%

28 Sep 2022 , 02:37 PM

HF Infra Engineering Limited informed that its wholly-owned subsidiary Sohna Highway Private Limited has received the completion certificate for a project worth Rs606 crore.

The completion certificate has been issued by the Independent Engineer and the project has been declared fit for entry into commercial operation on February 25, 2022.

The project was for six-laning and strengthening of new NH-248 A from existing km 11+682 to km 24+400 (design ch. 9+282 to km 22+000) under NHDP Phase -IV on Hybrid Annuity Mode in the state of Haryana.

The appointed date of the project was January 30, 2019, and was scheduled to be completed on July 28, 2021.

At around 2.39 PM, H.G. Infra Engineering was trading at Rs574.70 down by 1.74% from its previous closing of Rs584.85 on the BSE. The scrip touched intraday high and low of Rs595.75 and Rs571.95 respectively.

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