Shares of HG Infra Engineering Ltd. surged over 13% to an all-time high on Wednesday after it secured an order worth Rs 4,142 crore from the Maharashtra State Road Development Corp.
The order is for construction of two stretches of Nagpur-Chandrapur Access Controlled Super Communication Expressway. One stretch is from Chargaon village to Nandgaon. The other is from Nandgaon to Jogapur, according to an exchange filing.
HG Infra will be building a total of approximately 60 km of roads in five years for the expressway, it said.
HG Infra's stock jumped as much as 13.06% during the day to Rs 1,645.45 apiece on the NSE. It was trading 8.72% higher at Rs 1,582.30 per share, compared to a 0.12% advance in the benchmark Nifty 50 at 11:00 a.m.
The share price has gained 74.64% in the last 12 months and 86.51% on a year-to-date basis.
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