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 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.