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    HG Infra shares rally 9 percent after it bags highway project from NHAI

    HG Infra shares rally 9 percent after it bags highway project from NHAI

    HG Infra shares rally 9 percent after it bags highway project from NHAI
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    By Ankit Gohel   IST (Updated)

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    The project is for construction of proposed Rewari Bypass on Hybrid Annuity Mode (HAM) with a total length of 14.4 km. The company’s bid for the project was Rs 522.02 crore.

    Shares of HG Infra Engineering Ltd. surged over 9 percent in the early trade on Friday after it was declared L-1 bidder by the National Highways Authority of India (NHAI) for a road project in Haryana.
    The stock touched an intra-day high of Rs 269, gaining 9.53 percent as against the previous close on the BSE.
    The project is for construction of proposed Rewari Bypass on Hybrid Annuity Mode (HAM) with a total length of 14.4 km. The company’s bid for the project was Rs 522.02 crore.
    The project is expected to be completed in two years.
    At 9:45 am, shares of HG Infra Engineering rose 8.02 percent to Rs 263.30 on the BSE.
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