HG Infra Engineering shares rise 8% after REC LoI
after close1 source ↓written by the desknot a recommendation
- annual transmission charge
- ₹45 crore
- transmission charge
- 18 months
Shares of HG Infra Engineering surged over 8% to ₹551.95 on the BSE after receiving a letter of intent from REC Power Development for constructing substations in Uttar Pradesh. The project includes a ₹45 crore annual transmission charge for 18 months, enhancing the company's order book and market position.
Not investment advice. For informational purposes only.