The LoA entails rate contract for transportation of pond ash from NTPC Ramagundam to NHAI road construction projects.
The duration of said project is one year only extendable by another six months and consideration stood at Rs 36.20 crore.
H.G Infra Engineering provides engineering, procurement and construction (EPC) services on a fixed-sum turnkey basis and undertakes civil construction and related infrastructure projects in the road construction space.
The company’s consolidated net profit rose 17.3% to Rs 96.12 crore on 20% increase in net sales to Rs 954.53 crore in Q2 FY24 over Q2 FY23.
Shares of H.G. Infra Engineering declined 1.89% to end at Rs 846 on the BSE.