HG Infra Engineering gains on incorporating subsidiary companies

H.G. Infra Engineering Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 541019 | NSE: HGINFRA

28 Jun 2024 Evaluate

H.G. Infra Engineering is currently trading at Rs. 1760.20, up by 4.90 points or 0.28% from its previous closing of Rs. 1755.30 on the BSE.

The scrip opened at Rs. 1774.80 and has touched a high and low of Rs. 1794.15 and Rs. 1728.90 respectively. So far 7038 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1870.00 on 25-Jun-2024 and a 52 week low of Rs. 806.00 on 27-Dec-2023.

Last one week high and low of the scrip stood at Rs. 1870.00 and Rs. 1711.60 respectively. The current market cap of the company is Rs. 11456.76 crore.

The promoters holding in the company stood at 74.53%, while Institutions and Non-Institutions held 14.17% and 11.30% respectively.

HG Infra Engineering has incorporated subsidiary companies in the name of H.G. Dhingsari Solar Project, H.G. Ramsagar Solar Project and H.G. Moriya Solar Project. These subsidiaries will carry out business in the field of Solar Power.

Recently, the company had incorporated six subsidiary companies in the name of H.G. Amala Solar Project, H.G. Bhojakor Solar Project, H.G. Mukam Solar Project, H.G. Muknasar Solar Project, H.G. Sindhu Solar Project and H.G. Raisar Solar Project.

HG Infra Engineering is an infrastructure construction, development and management company with extensive experience in its focus area of road projects, including highways, bridges and flyovers.