HG Infra rises 8% after emerging as lowest bidder for EPC project

The stock has moved higher by 8% to Rs 294 on the BSE in noon deal in otherwise subdued market.

Shares of HG Infra Engineering have moved higher by 8% to Rs 294 per share on the BSE in noon deal in otherwise subdued market after the company said it has been declared, lowest bidder (L-1) for new EPC project under Ministry of Road Transportation & Highway (MORTH) for upgradation to two lane with paved shoulder configuration from Kundal to Jhadol in the state of Rajasthan. The completion period is 18 months.

HG Infra bid price at Rs 1,870 million against project cost of Rs 1,913 million, it added.

The stock hit its highest level since listing on