“…HG Infra Engineering Limited has been declared as the leading bidder by the Ministry of Road Transport and Highways (MoRTH) for the project,” the company said in a stock exchange filing.
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The estimated cost of the project by the Ministry of Transport and Telecom of India is ₹883.24 crore, while the bid by HG Infra is ₹781.11 crore. The project will be executed under Hybrid Annuity Mode (HAM), with a length of 10.63 kilometres. The construction period is expected to be 2.5 years.
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Shares of HG Infra Engineering Ltd closed at ₹1,577.70, down ₹4.45, or 0.28% on the BSE.
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