Shares of HG Infra Engineering Ltd surged 4% on 11 March after winning projects from the National Highway Authority of India (NHAI) worth Rs 1,472 crore.

The company was awarded a contract for the construction of highways in Andhra Pradesh, as notified by the company in its regulatory filing on 8 March. The contract was for the Access Controlled Highway of Four-Lane with paved shoulders from TN/AP Border (Design Chainage km 61+51) to Puttur (Design Chainage Km 81+450) of NH-716 & 6 Lane with Paved Shoulders from Mallavaram (Design Chainage Km 97+100) to Renigunta (Design Chainage Km 114+500) of NH-71, on Hybrid Annuity Mode under NH(O) (Chennai-Tirupati Package-II).

The project cost is Rs 862.11 crore, and the estimated construction period is 24 months.

Earlier, on 9 March, they received another contract for the construction of a 4 lane Elevated corridor of Kalimandir- Dimna Chowk- Baliguma (Jamshedpur) Section of NH-33 (New NH-18) (from km 241.940 to km 251.961) (Length 10.021 km) under NH(O) on Engineering, Procurement and Construction (EPC) mode in Jharkhand for a total project cost of Rs 610.11 crore, which has to be completed in 30 months.

Apart from the above orders totalling Rs 1,472 crores – notified on 8 March and 9 March; on 2 March, the company also received a letter of acceptance from South Central Railway for the project of doubling of track between Karanjgaon station (Including) at Km 69.01(Ch 69010) & Aurangabad station (Including) at Km 113.15(Ch 113150) [i.e. (44.14 km)] including electrification and signalling works in connection with Aurangabad Ankai Doubling Project in Nanded Division of South-Central Railway. The project cost for that contract is worth Rs 447.11 crore.

At 11:09 am, the shares of HG Infra Engineering were trading 2.12%higher at Rs 928.00 on NSE.