Small Cap Infra Stocks Bags NTPC Order After Rs 1,303-Cr Contract From NHAI

Small cap company operating in infrastructure sector H.G. Infra Engineering Ltd on Monday secured yet another order worth Rs 36.20 crore from NTPC Ltd after Rs 1303 crore contract from NHAI. Last trading price of H.G. Infra Engineering share on BSE is Rs 846.00 apiece with intraday fall of 1.89%. The company has a market capitalisation of Rs 5513.48 crore. H.G. Infra Engineering shares gained 43% in last 1-year and soared 280% in last 3-years. Check details below:

H.G. Infra Engineering Bags Order From NTPC: According to the BSE filing of the company issued on December 4, 'Pursuant to Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that H.G. Infra Engineering Limited has received the letter of award today, i.e.December 04, 2023, from NTPC Limited. The project involves transportation of Pond Ash from NTPC Ramagundam to NHAI road construction projects. The award value is Rs 36.20 crore. The duration of the contract is 1-year.

Earlier, H.G. Infra Engineering on November 30 informed in its exchange filing, "we are pleased to inform you that "H.G. Varanasi -Kolkata PKG-10 Highway Private Limited" a wholly owned subsidiary of H.G. Infra Engineering Limited ("HGINFRA") is in receipt of the letter dated November 29, 2023 from the National Highways Authority of India ("NHAI") for noting of financial close on November 23, 2023. The project involves, "construction of 6lane Greenfield Varanasi-Ranchi-Kolkata Highway from Deoria village to Donoreshan village from km 253.000 to km 288.600 under Bharatmala Pariyojana in the State of Jharkhand on Hybrid Annuity Mode ('HAM') (Package- 10)."

The total cost of the project is reportedly Rs 1,303 crore and the target completion period is 730 days, as per the BSE filing. The highway is expected to be constructed from Deoria to Donoreshan village, measuring approximately 35 kilometres. It will be built under the Bharatmala Pariyojana in the State of Jharkhand in hybrid annuity mode, it said.

H.G. Infra Engineering Stock Performance & Return: Last trading price of H.G. Infra Engineering share is Rs 846.00 per share. Its 52-week high price is Rs 1016.75 per share and 52-week low price is Rs 53.65 per share, respectively. The company has a market capitalisation is Rs 5513.48 crore. In last 3-months, H.G. Infra Engineering shares fell 10%, gained 31% YTD, soared 43% in last 1-year, offered return of 35% in last 2-years, and gained 285% in last 5-years.

Disclaimer:

The stock just highlights the recent orders win and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.