Key Points
HG Infra Engineering, specialising in construction, development, design, and management of various infrastructure projects, witnessed its shares surge for the fourth consecutive trading session on Monday, marking a gain of 5.4% to reach 972.40 apiece..
The LoA pertains to the Doubling of Track project, including electrification and signalling work, between Karanjgaon station as part of the Aurangabad Ankai Doubling Project in the Nanded Division of the South-Central Railway..
On Friday, HG Infra Engineering was declared as the L-1 bidder by East Central Railway for the construction of a double-line track (3rd & 4th line) formation, covering various works such as earthwork, bridges, electrification, and other miscellaneous tasks in the Gaya-Son Nagar section of the DDU Division in Bihar..
In its recent report, brokerage firm Axis Securities maintains a positive outlook on the company, considering its strong execution capability, robust order book position, healthy balance sheet, and high return ratios..
With the Interim Union Budget for 202425 increasing the Capex outlay for the Roads & Railways sector to bolster infrastructure development in the country, significant opportunities are being created for companies like HG Infra, said Axis Securities..
