H.G. Infra declared L-1 bidder for ITI upgradation PPP project in Rajasthan

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Price reactionminutes from the announcement price · days from the prior close

+0.4%Reaction day

₹563.60

prior close

₹562.75

announcement price

In-mkt

timing

Nifty Microcap 250market+0.1%+0.3% vs market

Civil Construction peers, median of 98sector-0.2%+0.6% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.6 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.6

10m

+1.5

15m

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30m

+0.9

Sessions after the filingfrom the prior close

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Reaction day

+0.4+0.1+0.3-0.2+0.6

Next day

-1.3-0.9-0.4-1.6+0.3

-1.5-0.2-1.3-1.7+0.1

-1.0-0.7-0.3-1.9+0.9

-2.8-1.8-1.0-2.7-0.0

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15d

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-16.4+1.1-17.5-9.7-6.7

-27.4+1.2-28.6-11.5-15.9

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 98Pending

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AI summary

H.G. Infra Engineering has been declared the L-1 bidder by the Department of Skill, Employment and Entrepreneurship, Government of Rajasthan for upgrading Industrial Training Institutes in the Bhiwadi cluster. The project runs on a 10-year Public Private Partnership basis. Total estimated cost is Rs 241 crore and the company's share is 17.10 percent, about Rs 41 crore. The order is domestic with no related party involvement.

Likely market impact

Adds a 10-year PPP order of about Rs 41 crore to the order book. Positive but small relative to overall revenue.