NHAI declares appointed date for HGINFRA Jharkhand highway project

Govt Defence OrderBusiness Updates View source PDF Explain this filing

HGINFRA · price

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Price reactionminutes from the announcement price · days from the prior close

-2.0%Reaction day

₹587.00

prior close

₹581.50

announcement price

In-mkt

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.1%-0.9% vs market

Civil Construction peers, median of 100sector-1.7%-0.4% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 0.4 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.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 100Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

HGINFRA's wholly owned subsidiary H.G. Varanasi-Kolkata PKG-10 Highway Pvt Ltd received the appointed date (May 30, 2026) from NHAI for a 6-lane Greenfield highway project in Jharkhand under Bharatmala Pariyojana on Hybrid Annuity basis. Cost is INR 1,303.11 Cr, spanning 35.6 km with a 730-day construction period.

Likely market impact

Construction work can now formally begin, enabling revenue recognition. Positive for order book execution.