Introduction:
Leading infrastructure development company has secured a ₹898.5 crore project from the Ministry of Road Transport and Highways (MORTH) to improve NH227B in Uttar Pradesh. The project covers 63.84 km and will be completed in two years.
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Share price movement of H.G. Infra:
On December 11, 2024, H.G. Infra Engineering Ltd. opened at ₹1,539.55, up 5.72% from its previous close of ₹1,456.30. The stock reached a high of ₹1,549.80 and a low of ₹1,501.00. By 11:00 AM, it traded at ₹1,528.65, a 4.97% increase, with a market cap of ₹9,962.38 crore.
H.G. Infra secures MORTH project:
H.G. Infra Engineering Limited (HGINFRA) has received a Letter of Acceptance from the Ministry of Road Transport and Highways (MORTH) for the improvement and up-gradation of NH227B in Uttar Pradesh. The project spans a length of 63.84 km.
The total estimated project cost is ₹898.5 crore, and it will be executed under the Hybrid Annuity Mode (HAM). The project will improve the two-lane configuration with paved shoulders, enhancing infrastructure on the “84 Kosi Parikrama Marg” in Uttar Pradesh.
The construction period for the project is set at two years, with a bid project cost of ₹763.11 crore. This significant contract further strengthens H.G. Infra Engineering’s position in the infrastructure development sector.
Recent news on H.G. Infra:
As of December 05, 2024, H.G. Infra Engineering (HGINFRA) shares surged 7%, hitting ₹1,363.70, following the announcement of receiving a ₹1,110 crore project from NTPC Vidyut Vyapar Nigam for 500 MW battery energy storage systems.
Stock performance of H.G. Infra for Period of 1 week, 6 months and 1 year:
Over the past week, H.G. Infra Engineering Ltd. saw a decline of 1.13%, while its 6-month return dropped by 16.3%. However, the stock has delivered a strong 74.0% return over the past year, showcasing impressive long-term growth.
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Shareholding pattern of H.G. Infra:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 71.80% | 74.50% | 74.50% |
| FII | 2.60% | 2.00% | 1.70% |
| DII | 12.70% | 12.10% | 12.50% |
| Public | 12.90% | 11.30% | 11.30% |
About H.G. Infra:
H.G. Infra Engineering Limited (NSE: HGINFRA) is an Indian road infrastructure company specializing in EPC services for roads, bridges, and flyovers. It focuses on Hybrid Annuity Model (HAM) projects and is pre-qualified for large EPC contracts.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
