H.G. Infra Engineering Limited has informed the Exchange regarding 'H.G. Infra Engineering Limited has received a Letter of Award from Welspun Enterprises Limited'.
HGINFRA · price
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H.G. Infra Engineering Limited (HGINFRA) has received a Letter of Award from Welspun Enterprises Limited for constructing a 6-lane partially elevated highway corridor from Pune to Shirur (NH-753F) in Maharashtra. The project spans 53.40 km with a contract value of Rs. 3,931.11 crore (excluding taxes). The construction period is 36 months. This is an item rate contract awarded by a domestic entity.
This is a major order win worth nearly Rs. 4,000 crore, representing a very large proportion of HGINFRA's annual revenue. This should significantly boost the company's order book and provides strong revenue visibility for the next 3 years.