H.G. Infra Engineering said that it has been declared as L-1 (lowest) bidder by National Highways Authority of India (NHAI) for a Karnataka-based road project.
The project involves 6-laning of Neelmangala-
Tumkur including Tumkur bypass section of NH-48 (Old NH-4) in the State of Karnataka on EPC mode under Bharatmala Pariyojna.
NHAI's bid project cost was Rs 1,112.10 crore.
H. G. Infra Engineering is an infrastructure construction, development and management company.
The main business includes providing engineering-procurement-and-construction (EPC) services on a fixed-sum turnkey basis and undertaking civil construction and related infrastructure projects.
The company's consolidated net profit surged to Rs 74.51 crore in the quarter ended September 2021 and the scrip rose 1.65% to end at Rs 585.55 on the BSE.
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