HG Infra Share Price Jumps 5% After Winning ₹1,415 Crore Metro Project with Kalpataru

HG Infra Engineering’s share price (NSE: HGINFRA) surged over 5% after the company, along with Kalpataru Projects International, emerged as the lowest (L-1) bidder for a major metro project in Maharashtra. The stock touched an intra-day high of ₹911 and was trading at ₹909, up 5.22% by 9:19 AM. Meanwhile, the BSE Sensex inched up 0.16% to 85,370.55.

Reason Behind the HG Infra Share Price Rise

The strong buying interest came after HG Infra announced that its joint venture (JV) with Kalpataru Projects International was selected as the L-1 bidder by the Maharashtra Metro Rail Corporation. The award relates to designing and constructing an elevated metro viaduct for the Thane Integral Ring Metro Project.

Details of the Metro Project

The JV will build a 20.527 km elevated metro viaduct between the UG Ramp and Balkum Naka. The project also includes the construction of a depot approach viaduct and three special spans. A metro viaduct is an elevated structure built to carry metro trains over roads, rivers, uneven land, or other obstacles.

JV Share Structure and Project Value

Under this project, HG Infra holds a 40% share, while Kalpataru Projects International holds 60%. The total value of the contract is ₹1,415 crore, and the work must be completed within 36 months.

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About HG Infra Engineering

HG Infra is a leading infrastructure development company known for executing EPC and Hybrid Annuity Model (HAM) projects. The company specializes in civil construction and has expanded into several sectors, including railways, metro projects, solar power, and water infrastructure.

Conclusion

HG Infra’s stock rallied after securing a significant ₹1,415 crore metro project in partnership with Kalpataru. With its strong EPC capabilities and growing presence in metro and railway projects, the company is well-positioned to benefit from India’s expanding infrastructure development pipeline.

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