The National Highways Authority of India is in charge of the creation, upkeep, and administration of the National Highways under its jurisdiction as well as any issues related or incidental thereto.
In 1988, an Act of Parliament established the National Highways Authority of India (NHAI), which is governed administratively by the Ministry of Road Transport and Highways. In order to develop, maintain, and oversee the National Highways that the Indian government has entrusted to it, NHAI was established as a Central Authority.
Important cities and towns are connected by national highways, which facilitate the effective movement of people and products across the country. There are now about 1,42,126 km of national highways in India, and there are ongoing projects to increase the network’s size.
Here are the 4 stocks that received orders from NHAI.
Ircon International Ltd
The integrated engineering and construction PSU Ircon International Limited (IRCON) specializes in large-scale, technologically complex infrastructure projects across multiple industries, including highways and railroads.
With a market capitalization of Rs 16,167.47 Crores, The shares of Ircon International Ltd closed at Rs 171.00 a share, a decrease of 0.09 percent from the previous closing price of Rs 172.05 a share.
The National Highways Authority of India has awarded Ircon International a contract to upgrade the Gurgaon-Palaud-Rewari section of the NH-352W 35 feeder route in the state of Haryana on a hybrid annuity mode. The contract is valued at Rs. 900 crore and was awarded through a competitive bidding process.
GPT Infraprojects Ltd
GPT Infraprojects Ltd. (GPT) is a construction company that works on infrastructure and civil projects. It also produces railroad sleepers made of concrete.
With a market capitalization of Rs 901.67 Crores, The shares of GPT Infraprojects Ltd closed at Rs 155.00 a share, a decrease of 1.18 percent from the previous closing price of Rs 156.85 a share.
The National Highways Authority of India (NHAI) awards GPT Infraprojects its largest single order to date, totaling Rs. 739 crores, for the Engineering, Procurement, and Construction (EPC) construction of the new, four-lane Prayagraj Southern Bypass in the state of Uttar Pradesh.
IRB Infrastructure Developers Ltd
Indian infrastructure development and construction firm IRB Infrastructure Developers Ltd. has a wealth of experience in the road and highway industry.
With a market capitalization of Rs 24,681.39 Crores, The shares of IRB Infrastructure Developers Ltd closed at Rs 40.87 a share, a decrease of 0.49 percent from the previous closing price of Rs 41.87 a share.
The National Highway Authority of India awards IRB Infrastructure Developers Ltd a contract worth Rs. 4,428 Crores for the project of tolling, operating, maintaining, and transferring a four-lane road on the longest continuous stretch of approximately 316 km on the North-South Corridor of NH44.
H.G. Infra Engineering Ltd
H.G. Infra Engineering Limited (HGIEL) is involved in the engineering, procurement, and construction (EPC) services as well as the maintenance of flyovers, bridges, roads, and other infrastructure contract works.
With a market capitalization of Rs 24,681.39 Crores, The shares closed at Rs 848.10 a share, an increase of 1.37 percent from the previous closing price of Rs 850.00 a share.
H.G. Infra Engineering Limited received an order from NHAI worth Rs 997.11 crore for the construction of 6 6-lane greenfield Karnal Ring Road, which is set to enhance connectivity and infrastructure in Karnal, Haryana.
Written by:- Abhishek Singh
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