Announced Sun, 19 Apr · 12:51 IST
H.G. Infra Incorporates WoS for Rs. 1,582 Cr NHAI Highway Project
Strategic Transactions View source PDF
HGINFRA · price
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Price reaction · full curve 14 horizons · vs prior close
+1.0%1-day move
₹620.00
prior close
₹626.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.2-0.5-1.4+1.0-0.3-2.4-3.7-1.3-2.4+0.5-4.8-5.5-9.5
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AI summary
H.G. Infra Engineering has incorporated a wholly owned subsidiary, H.G. Gobindpur Tangi Highway Private Limited, as a special purpose vehicle for a Rs. 1,582.11 crore NHAI highway project in Odisha. The project involves building a 40.33 km six-lane access-controlled capital region ring road (Package-III) on Hybrid Annuity Mode with a 910-day construction period. The WoS is 100% held with an initial capital of Rs. 15 lakh and is yet to commence operations.
Likely market impact
New Rs. 1,582 Cr NHAI order strengthens order book; WoS structure is standard for HAM project execution and has no direct impact on parent financials.