HG Infrastructure received an order worth Rs 716 crore from Central Railway

Leading infrastructure development firm H.G. Infra Engineering Limited (HGIEL) has over 21 years of experience with roads and highways. Our company, which was founded by 45-year construction industry veteran Shri Hodal Singh, has become a leader in the field under the direction of Mr. Harendra Singh, our Chairman and Managing Director. HAM (Hybrid Annuity Model) and turnkey EPC services are areas of expertise for HGIEL, an organization founded in 2003 that excels in infrastructure projects related to civil construction. Integrity is a key component of our business strategy, which makes use of a sizable fleet of in-house equipment and a highly qualified and devoted workforce that is committed to maintaining the greatest levels of precision, dependability, and safety. HGIEL is proud to incorporate modern technology, placing us at the forefront of innovative infrastructure development and guaranteeing precision and effectiveness in all we do. This shows our unwavering commitment to perfection. Currently, HGIEL is a powerful force in the infrastructure development industry, smoothly delivering excellence across a wide range of projects in roads, highways, railways, metro, and solar infrastructure. Its execution capabilities span PAN India across over 14 states.

H.G. Infra Engineering Ltd. got a project worth Rs. 716.11 crore:

Central Railway sent a letter to H.G. Infra Engineering Ltd. on Thursday requesting an order for Rs 716.11 crore. The project has a 30-month deadline for completion. According to an exchange filing by the company, the Central Railway issued a letter on September 4th appointing the company to the project.

The project entails building a new broad-gauge line between the Central Railway’s Nardana section and Dhule (Borvihir). The project, which will be completed using the EPC mode, covers 49.45 km. A broad gauge, sometimes referred to as a wide gauge or large line, is a railway gauge that has a track distance of 1,676 mm (5 ft 6 in). Gauge is the distance between the two tracks on any given railroad route.

The Ministry of Road Transport and Highways awarded a road project worth Rs 781 crore to HG Infra Engineering earlier this month. As part of the project, a six-lane road in Gujarat will be upgraded, and National Highway 47 will include an elevated section connecting Narol Junction and Sarkhej Junction.

HG Infra Engineering Ltd. stock is more than 4% up:

HG Infra Engineering Ltd. is trading right now at Rs. 1564.35 per share, which is more than 4% up in intraday today. This year, it has dropped 77% so far this year and 59.41% over the past 12 months.

Conclusion: H.G. Infra Engineering Ltd. company will gain good sales due to the current project from the central railway and can see stable results in upcoming years.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.