HG Infra Engineering rose 2.31% to Rs 736.15 after Rail Vikas Nigam, Chandigarh, declared the company as the lowest bidder (L-1) for a construction project in Himachal Pradesh. The project scope includes the construction of foundations, substructures, and superstructures, as well as river training/protection work, earthwork, and allied works for viaducts 1 and 2 in connection with the Bhanupali-Bilaspur-Beri new railway line in Himachal Pradesh’s District Bilaspur.
The company stated that the bid project cost is Rs 466.11 crore and the construction period is 30 months. H.G. Infra Engineering specialises in the engineering, procurement, and construction (EPC) of roads, bridges, and flyovers, as well as other infrastructure contract works.