HG Infra Engineering, a leading player in the road construction sector is declared L-1 bidder for a new Hybrid Annuity mode project "Rewari- Ateli Mandi section of NH-11 valued at Net Present Value (NPV) of Rs 5.64 billion (Construction cost Rs 5.80 billion and O&M Rs 60 million p.a.) by the National Highways Authority of India in the state of Haryana.

The project work includes upgradation of four lane of Rewari-Ateli Mandi section from 11.780 kilometer at Rewari to 43.445 kilometer near Ateli Mandi, for a length 31 km as feeder route with the construction period for the project is 2 years, while the operation period is 15 years.

Harendra Singh, Chairman & Managing Director, HG Infra Engineering, said, ''We are committed to develop the world class roads and highways infrastructure for our nation to facilitate development agenda set by the Govt. of India. Winning these projects is testimony for domain expertise and rich experience we have with us. We would continue to strive for excellence in the sector to grow further.''

Shares of the company gained Rs 0.55, or 0.27%, to trade at Rs 206.50. The total volume of shares traded was 1,217 at the BSE (9.32 a.m., Tuesday).