H.G. Infra Engineering Limited has received a Letter of Award from Welspun Enterprises Limited.
HGINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 2.0 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
H.G. Infra Engineering Ltd has received a Letter of Award from Welspun Enterprises Limited for constructing a 6-lane highway corridor (including partially elevated sections) along with improvement of existing road from Pune to Shirur of NH-753F in Maharashtra. The project spans 53.40 km and has a value of Rs. 3931.11 crore excluding taxes. The construction period is 36 months and the order is on an Item Rate basis. This is a domestic order awarded by a private company.
This is a substantial infrastructure order that could meaningfully add to HGINFRA's order book. The large project value suggests significant revenue visibility for the next 3 years, which is positive for the company's stock.