HG Infra Engineering Limited’s shares rose on Tuesday after the company reported that its subsidiary HG Karnal-Ringroad Private Limited has received confirmation of the financial close for an infrastructure project from the National Highways Authority of India (NHAI).
The project, known as the Construction of 6-Lane Greenfield Karnal Ring Road, is set to enhance connectivity and infrastructure in Karnal, Haryana. The project will be developed under Hybrid Annuity Mode (HAM) at an estimated cost of ₹997.11 crore and a completion period of 730 days.
The shares closed 5.36% higher at ₹991.50 on NSE on Tuesday.