India's H.G. Infra gains after $411.5 million order win

HG Infra Engineering

12/05/2026 07:49

** Shares of H.G. Infra Engineering HGIN.NS rise 2.8% to 637.3 rupees, their biggest one-day pct gain since April 15

** Welspun Enterprises awards the infrastructure firm a Maharashtra highway project worth 39.31 billion rupees ($411.48 million)

** Order to be executed within 36 months

** Over 875,000 shares traded, 1.5x the 30-day avg

** Stock rated "Buy" on average; median PT 1128 rupees - data compiled by LSEG

** Stock down 15% YTD

($1 = 95.5325 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))