HG Infra - Ganga Expressway On Track: IDBI Capital

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .IDBI Capital Report.We visited HG Infra Engineering Ltd.’s Ganga expressway project site and interacted with the execution team and management. HG Infra was awarded Ganga expressway project, a six lane greenfield access controlled expressway of 151.7 km in Q1 FY23, with project cost of Rs 44 billion. The schedule completion time is 27 months post appointed date of third November 2022 i.e. January 2025, though company is planning on early completion in 24 months post which they will be eligible for early completion bonus of Rs 500 million. Revenue growth guidance is maintained with target of growing ~22% YoY in FY24E, of which one third is expected to come from Ganga expressway project. HG Infra is eyeing order inflow of Rs 80-100 billion in FY24E, of which ~60-70% is expected from highway projects and 30-40% is expected from other segments..Click on the attachment to read the full report:.Coal India - Higher Volumes, E-Auction Premium To Drive Profitability: Motilal Oswal.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

HG Infra - Ganga Expressway On Track: IDBI Capital

HG Infra was awarded Ganga expressway project, a six lane greenfield access controlled expressway of 151.7 km in Q1 FY23.

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