H.G. Infra Engineering Declared L-1 Bidder for Rajasthan ITI Upgradation Project
H.G. Infra Engineering Limited has been declared as an L-1 Bidder by the Department of Skill, Employment & Entrepreneurship, Government of Rajasthan. The project involves the upgradation of Industrial Training Institutes (ITIs) under the National Scheme for ITI Upgradation Bhiwadi cluster.The contract is structured as a Public Private Partnership (PPP) model and is categorized as a domestic transaction. This assignment represents a significant business development opportunity for the company in the industrial infrastructure sector.
Details regarding this domestic project, including its scope and financial dimensions, are as follows:
| Particulars | Details |
|---|---|
| Awarding Entity | Department of Skill, Employment & Entrepreneurship, Government of Rajasthan |
| Project Scope | Upgradation of Industrial Training Institutes (ITIs) under the National Scheme for ITI Upgradation Bhiwadi cluster |
| Transaction Type | Public Private Partnership (PPP) mode |
| Execution Timeline | 10 Years |
| Financial Consideration | 17.10% share of Estimated cost amounting to Rs 241 Crore |
The project involves the upgradation of these vital training institutes, marking a key collaboration between the company and the Government of Rajasthan. The contract is set for execution over a period of 10 years.
HGINFRA Stock Price Movement
As of 2:44 PM, shares of H.G. Infra Engineering Limited surge in live trading to ₹579.70, achieving a robust 2.85% gain for the day. The stock has been highly active, with 57,274 shares traded during this session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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