HG Infra Engineering said that it has has received a letter of acceptance from the Ministry of Road Transport and Highways (MoRTH) for the upgrade of the newly declared NH-227B
Shares of HG Infra Engineering rose as much as 3.67 per cent at Rs 1,379.65 a piece on the BSE in Monday's intraday trade
The HG Infra Engineering share price rallied after the company announced that it has secured a letter of award (LoA) from NTPC Vidyut Vyapar Nigam Limited
The fall in the HG Infra share price came after the company reported weak numbers in the September quarter of financial year 2025 (Q2FY25)
Shares of civil construction firm HG Infra Engineering rose as much as 5.12 per cent on BSE at Rs 1,644.15 per share on Monday's intraday trade
The HG Infra share price rose after the company received a letter from the Central Railway regarding the appointed date for the Rs 716-crore project.
The surge in the HG Infra share price came after the company announced that it has emerged as the lowest bidder (L-1) for a project from the Ministry of Road Transport and Highways (MORTH).
The uptick in the stock price came after the company announced that it has secured a letter from East Central Railway regarding the appointed date for the project in Bihar.
The uptick in the stock price came after the company announced that it has signed a Memorandum of Understanding (MoU) with Ultra Vibrant Solar Energy
Shares of HG Infra Engineering soared up to 7.7 per cent at Rs 1,877 per share in Monday's early morning deals. This came after the company incorporated six new solar power units
Thus far in the current calendar year, HG Infra has zoomed nearly 90 per cent and PNC Infratech soared 44 per cent, against 2.5 per cnt rise in the S&P BSE Sensex.
European markets closed on a negative note, with Germany's DAX falling 0.22 per cent and the UK's FTSE dropping 0.09 per cent
Given its healthy project pipeline, ICRA expects HGIEL to maintain a healthy revenue growth of ~18-20%, steady operating margins (~16%) and comfortable leverage and coverage indicators in FY24
At the bourses, shares of HG Infra Engineering, KNR Constructions, and KEC International have surged up to 9.3 per cent since February 1
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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
As of December 31, 2022, the company's strong order book stood at Rs 11,064 crore
HG Infra and PNC Infratech hit respective 52-week highs in trades so far on Monday
The project namely construction of six lane greenfield Karnal Ring road starting from NH44 near Village Shamgarh and terminating at Karnal Munak Road Vill Samalakhal in Haryana.
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