India, Feb. 25 -- A small-cap company in the business of engineering, procurement, and construction across highways, railways, metro, renewable energy, and transmission has announced that it emerged as the L1 bidder for a Rs 1,800 Cr NHAI six-lane access-controlled highway project in Odisha, after a bidding price 13 percent lower than the estimated cost. The company in context has seen its profits grow by 81 percent on a QoQ basis.

With a market cap of more than Rs 3,600 Cr, H.G. Infra Engineering Ltd. saw its stock hit an intraday high of Rs 608, which is 7 percent higher than the previous close of Rs 569.

News H.G. Infra Engineering Limited has been declared the L1 bidder by National Highways Authority of India for a six-lane access-...