HG Infra in limelight

HG Infra opened today almost 3% higher at Rs.287.75 and went on to hit an intraday high at Rs.298.75. Its 52-week high is at Rs.330.45.

The company announced today morning that it has been declared as the L-1 or lowest bidder by NHAI for the project development of six lane Aluru-Jakkuva section of NH-130-CD Road under Raipur-Visakhapatnam Economics Corridor in state of Andhra Pradesh on hybrid annuity mode.

The company bid project cost of Rs 1060.

The company has been in the news pretty much the whole month, with one order or the other. The company also, yesterday announced that it has received the Provisional Completion Certificate for the project "Rehabilitation and Up-gradation of Bhandara- Khat-Ghotitok Junction in Maharashtra. The provisional completion certificate has been issued by the authority and had declared the project fit for entry into operation as on 29 February, 2021. The project cost of this was at Rs.258 crore.

Ten days ago, it had emerged L-1 bidder for a four-laning project in New Delhi and its project cost was at Rs.656 crore. It has also received an order from NTPC worth Rs.122 crore.