HG Infra extends gain after winning EPC project in Rajasthan

The stock was trading 2% higher at Rs 302, extending its past two days 10% surge on the BSE in otherwise weak market.

HG Infra Engineering (HGIEL) was trading 2% higher at Rs 302, extending its 10% rise in past two sessions on the BSE, after the company said it has been declared lowest bidder (L-1) for a new EPC project under Ministry of Road Transportation & Highway (MORTH) for upgradation to two lanes with paved shoulder configuration of the Kundal-Jhadol section of NH-58E in Rajasthan. 

The completion period for the project is 18 months, it said.

The stock hit an intra-day high of Rs 311, its highest level since listing on March 9, 2018. A combined 338,041 equity shares changed hands