Today afternoon, HG Infra announced that it has received a new order.
This order is worth Rs.122 crore and is from NTPC for transportation of 26.41 lakh Cu.M. of Pond Ash from NTPC Ramagundam to NHAI-PIU-Mancherial road construction project.
The timeline for completion of this project is 15 months. This is the same project, which the company a fortnight ago had announced that it has emerged as the L-1 bidder.
The stock price rose almost 4% after this news to an intraday high at Rs.292.45. Its 52-week high is at Rs.330.45.