HG Infra Engineering gains on bagging Rs 36.2 crore project from NTPC

HG Infra Engineering gains on bagging Rs 36.2 crore project from NTPC

The project involved transporting pond ash from NTPC Ramagundam to NHAI road construction projects

HG Infra Engineering

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HG Infra Engineering share price gained in the opening trade on December 5 after the company received the letter of award worth Rs 36.20 crore from NTPC.

At 9.18 am, HG Infra Engineering Ltd was quoting at Rs 852.70, up Rs 9.10, or 1.08 percent, on the BSE.

The project is for the transportation of pond ash from NTPC Ramagundam to NHAI road construction projects. The project is for one year and can be extended by another six months, the company said.

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On December 1, the company’s subsidiary HG Varanasi -Kolkata PKG-13 Private Limited received a financial closer letter from National Highways Authority of India (NHAI) for the construction of the six-lane Greenfield Varanasi-Ranchi-Kolkata Highway under the Bharatmala Pariyojana in Jharkhand on hybrid annuity mode (HAM).

On November 28, the company received the provisional completion certificate for the rehabilitation and upgradation of Nandurbar–Praksha – Shahada–Khetia State Highway in Maharashtra.

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