Announced Tue, 16 Jun · 11:21 IST
Contract cancelled for PMAY housing project in Bhopal
General View source PDF
HILINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.1%1-day move
₹48.32
prior close
₹48.56
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.1-1.0-0.3-1.1-0.9-1.3-2.4-2.1-1.9-5.6-8.5——
Up moveDown movePending
AI summary
Highway Infrastructure Ltd has received a communication from the HFA Cell of Nagar Palika Nigam, Bhopal, cancelling its contract for construction of houses and development of infrastructure for an Affordable Housing project under the Pradhan Mantri Awas Yojana (PMAY) at Plot Nos. 47 and 49 in Bhopal, Madhya Pradesh. The company has filed the required disclosure as Annexure A under SEBI Listing Regulations. Financial impact of the cancellation has not been disclosed.
Likely market impact
Loss of a government affordable housing contract; negative for revenue and investor sentiment. Magnitude awaited.