H.G. Infra wins 40 percent JV share in Thane Metro viaduct project from Maha Metro
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 1.1 pts less than Nifty Microcap 250 and 1.5 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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H.G. Infra Engineering (40 percent share) in JV with Kalpataru Projects International (60 percent share, lead member) received Letter of Acceptance from Maharashtra Metro Rail Corporation on December 10 for design and construction of 20.527 km elevated metro viaduct between UG Ramp and Balkum Naka, including depot approach viaduct and three special spans for Thane Integral Ring Metro Project. Project value not disclosed in this filing.
Positive — adds to order pipeline from a government-backed metro project, though H.G. Infra share is only 40 percent of JV and order value not disclosed.