H.G. Infra soars over 5% after its consortium gets 4 orders from Jodhpur Vidyut Vitran Nigam

H.G. Infra Share Price: H.G. Infra Engineering soared over five per cent in morning deals on BSE on Tuesday (March 19, 2024) after its consortium Stockwell Solar Services JV received four letters of awards (LOAs) worth Rs 1026 crore from  Jodhpur Vidyut Vitran Nigam.

The stock that closed at Rs 893.45 on Monday began its journey at Rs 941.95 on Tuesday, which was a 5.43 per cent rise from the previous close.

H.G. Infra shares were trading up by 2.55 per cent, or Rs 22.75, at Rs 916.20 each at 10:21 am on Tuesday.

What is H.G. Infra's order? 

In a statement on Monday, HG Infra said that letters of award have been issued by Jodhpur Vidyut Vitran Nigam Limited to Stockwell Solar Services Private Limited JV Consortium with H.G. Infra Engineering Limited for four projects of solar business.

The estimated costs of projects are Rs 156 crore, Rs 396 crore, Rs 314 crore, and Rs 160 crore, respectively. The costs include GST.

The orders are to be executed in the next 12 months.