Announced Mon, 13 Jul · 14:38 IST
H.G. Infra declared L-1 bidder for ITI upgradation PPP project in Rajasthan
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HGINFRA · price
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Price reaction · full curve 14 horizons · vs prior close
-1.3%1-day move
₹563.60
prior close
₹562.75
base price
In-mkt
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+2.6+1.5+2.1+0.9-1.3-1.5-1.0-2.8-0.5-2.6————
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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.