H.G. Infra soars after emerging as L-1 bidder for two road projects in Maharashtra
Mumbai, May 22 -- The combined value of these projects is a significant Rs 4,142.22 crore. The company's present market capitalization stands at Rs 10,329.62 crore.
The projects involve constructing sections of the Nagpur-Chandrapur access-controlled super communication expressway, both utilizing the EPC (Engineering, Procurement, and Construction) mode.
The first project, awarded under Package NC-04, involves construction on a 28.2 km stretch that runs from Chargaon (Bhadravati taluka) to Nandgaon Kh (Korpana taluka) in Chandrapur district. While MSRDC's estimated cost was Rs 1,554.45 crore, HG Infra's bid project was Rs 1,991.11 crore. The targeted completion period is 30 months from the appointed date.
The second project, awarded un...
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