H.G. Infra Engineering Limited — Important, 13-12-2024: Updates

H.G. Infra Engineering Limited’s wholly-owned subsidiary, H.G. Chennai-Tirupati (II) Highway Private Limited, has received confirmation regarding the appointed date for a significant highway project. The project entails constructing an access-controlled four-lane highway with paved shoulders from the Tamil Nadu/Andhra Pradesh border to Puttur, along with a six-lane section from Mallavaram to Renigunta. The total project cost stands at approximately 862.11 Cr, with a construction period of 24 months and a length of 37.43 KM. The appointed date is set for December 14, 2024. This development marks a pivotal step for the company, enhancing its portfolio and revenue-generating potential in the infrastructure sector. Investors should consider the positive implications for H.G. Infra’s growth trajectory.