HG Infra rises 3%

HG Infra Engineering is buzzing, opening almost 3% higher at Rs. 596.75 and went up to an intraday high at Rs.598.20; it is now trading at Rs.582 levels.

The company received the Letter of Award (LoA) from Adani Road Transport.

This 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 area involved in the said project is 151.70 km.

The order is worth Rs.4,971 crore.