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.
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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.
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