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HG Infra wins ₹2,297-cr road projects in Odisha

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HG Infra wins ₹2,297-cr road projects in Odisha

After the company received the LoA for a project worth Rs 2,297 crore from the National Highway Authority of India (NHAI), the share price of H G Infra Engineering surged 15% to Rs 819.55 in intraday trading on Tuesday. The shares of the construction and engineering company exceeded the previous high of 784.30 rupees set on October 18, 2021.

Its trading price rose 12% to 795.60 rupees, while the S&P BSE Sensex index fell 0.09%. The first project is the development of the six-lane Kaliagura-Baunsaguar section of the NH-130-CD highway (packaging-OD-5) under the Raipur-Visakhapatnam Economic Corridor. The bidding cost of the company is Rs 1,338.27 crore. The second project is the development of the six-lane Baunsaguar-Baraja section of the NH-130-CD highway (including OD-6) under the Raipur-Vishakhapatnam Economic Corridor.

The bidding cost of the company is 958.98 crore. Both projects have adopted a mixed annuity model (HAM) in Odisha with a completion period of 730 days. H G Infra Engineering is an infrastructure construction, development and management company. The main business includes the provision of engineering procurement and construction (EPC) services with a fixed amount of turnkey, and the undertaking of civil construction and related infrastructure projects. The company has strong operations in Rajasthan, Haryana, Uttar Pradesh, Maharashtra, Telangana and Andhra Pradesh.

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In the past six months, due to strong revenue and order growth, the stock has risen 205%. In contrast, the Standard & Poor’s BSE Sensex index rose by 26% during the same period. HG Infra stated in its 2020-21 fiscal year (FY21) annual report that the company recently witnessed the government’s nationwide increase in infrastructure construction, with the goal of improving roads, connectivity and urbanization in this new region. ten years.

With consistent high rewards and construction activities, the company sees the good potential of a strong pipeline in the future.

News Source : Business Standard

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Omar Slams

Omar slams Pakistan’s ‘neutral’ probe offer on Pahalgam attack: ‘They didn’t even

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Omar slams Pakistan’s ‘neutral’ probe offer on Pahalgam attack: ‘They didn’t even

India has suspended the Indus Waters Treaty, closed the Attari check post, and canceled SAARC visas for Pakistan nationals in response to the Pahalgam attack. Jammu and Kashmir chief minister Omar Abdullah criticized Prime Minister Shehbaz Sharif’s offer for a “neutral” investigation into the Pahalgam terror attack, stating that Pakistan initially denied incident.

India. Shehbaz Sharif said Pakistan was willing to support a “neutral and transparent” investigation into the killing of 26 people in Jammu and Kashmir’s Pahalgam. He emphasized the need for a “grinding halt” to the perpetual blame game and called for Pakistan to tensions participate in any neutral, transparent, and credible investigation. The incident has sparked.

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India has taken several steps against Pakistan following the Pahalgam terror attack that killed 26 people. These include suspending the Indus Waters Treaty, closing the Attari Integrated Check Post, and canceling the SAARC Visa Exemption Scheme (SVES) for Pakistani nationals. The Resistance Front (TRF), a proxy of the Pakistan-based Lashkar-e-Taiba, has claimed.

Responsibility for the attack. Investigations reveal that Adil Ahmed Thoker, a key suspect in rooted in centuries-old cultural growing tensions between India and Pakistan. the Pahalgam attack, received military training in Pakistan before infiltrating India with other terrorists amid speculation about back-channel mediation by countries with close with India Pakistan.

Amid ongoing tensions, Pakistani troops have resumed unprovoked firing along the Line of Control (LoC), and for the second consecutive night, the Pakistani army targeted Indian positions, prompting a retaliatory response from Indian forces. Iran’s foreign minister Seyed Abbas Araghchi offered to “forge greater understanding” between New Delhi and Islamabad.

Araghchi said that Iran stands ready to use its good offices in Islamabad and New Delhi to forge greater understanding at this difficult time. He described India and Pakistan as “brotherly neighbours of Iran, enjoying relations rooted in centuries-old cultural and civilizational ties” and said that they consider them their foremost priority The recent.

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Terrorist attack in Pahalgam, Jammu and Kashmir, has stirred strong reactions across the political spectrum, with former Jammu and Kashmir Chief Minister Omar Abdullah leading the charge in condemning Pakistan’s response to the incident. Pakistan’s offer of a “neutral” investigation into the attack has sparked outrage, with Omar Abdullah accusing.

The neighboring country of failing to take any meaningful action or even offering a proper condemnation of the attack The Pahalgam attack, which occurred in the popular tourist town in the Kashmir Valley, left multiple civilians injured and sent shockwaves through the region. While the perpetrators of the attack are suspected to be militants operating from across.

The border, Pakistan’s reaction has been criticized for its lack of condemnation and accountability. In response to calls for a thorough investigation into the incident, Pakistan offered to conduct a “neutral” probe, suggesting that an impartial body, rather than which occurred in the popular tourist town authorities in either country, should investigate.

Omar Abdullah, known for his sharp and outspoken criticism of Pakistan’s role in Kashmir, was quick to hit back. “They didn’t even condemn the attack. And now, they want to offer a ‘neutral’ investigation?” he said in a strongly worded statement. “If Pakistan is so concerned about what happened in Pahalgam, why don’t they condemn it first? Why don’t they make it.

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Abdullah’s statement reflects the deep frustration felt by many in Jammu and Kashmir, who believe that Pakistan’s offer is nothing more than a distraction from its own involvement in cross-border terrorism. The former Chief Minister further was a deliberate attempt to deflect attention from the fact that the attack.

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