HG Infra rises 4% on Rs 535 cr-order win from RVNL; stock up 30% in 3 mths

As per analysts at Centrum Broking, the stock of HG Infra has headroom to re-rate as the company is continuing to deliver on growth and monetisation targets

Shares of HG Infra Engineering rose around 4 per cent on the BSE to Rs 748 per share in Thursday’s intra-day trade after the company bagged an order worth Rs 535.15 crore from Rail Vikas Nigam (RVNL).

“HG Infra Engineering has been declared as the lowest bidder (L-1) by Rail Vikas Nigam for a project involving construction of foundations, substructure & superstructure, earthwork & allied works for viaduct 1 & 2 in connection with Bhanupali-BilaspurBeri new railway line in Bilaspur, Himachal Pradesh,” it said in a filing. 

While RVNL’s estimated cost of the project is Rs 535.15 crore, HG Infra