HG Infra Wins Bid For Rs 716 Crore Construction Order From Railways

The order involves construction of a new 49.45 kilometer broad-gauge railway line in Maharashtra.

Shubhayan Bhattacharya

11 Jan 2024, 08:43 PM IST

<div class="paragraphs"><p>Representative image. (Photo: <a href="https://unsplash.com/@underroot?utm_content=creditCopyText&utm_medium=referral&utm_source=unsplash">Anirudh</a> on <a href="https://unsplash.com/photos/yellow-and-black-train-on-rail-tracks-during-daytime-PJUbLL5g9BY?utm_content=creditCopyText&utm_medium=referral&utm_source=unsplash">Unsplash</a>)</p></div>

Representative image. (Photo: Anirudh on Unsplash)

HG Infra Engineering Ltd. won the bid for a Rs 716 crore construction order from the Central Railway.

The order involves construction of a new 49.45 kilometer broad-gauge railway line between Dhule (Borvihir) to Nardana in Maharashtra, according to an exchange filing.

The project is expected to be completed in 30 months.

Shares of HG Infra Engineering closed 2.43% higher at Rs 886.15 apiece on Thursday, ahead of the announcement, as compared with a 0.09% advance in the BSE Sensex.