H.G. Infra Receives LOA for ₹2,469 Crore Railway Redevelopment Project

H.G. Infra Engineering Limited (HGINFRA), in collaboration with D.E.C. Infrastructure, has secured a LOA from RLDA for the ₹2,469 crore redevelopment of New Delhi Railway Station under the EPC model, with a bid project cost of ₹2,195.68 crore.

Project Award and Acceptance

HGINFRA, in partnership with D.E.C. Infrastructure and Projects (India) Private Limited, has been awarded a major contract by the RLDA. The company received a Letter of Acceptance, marking a crucial milestone in its infrastructure development portfolio. This project aligns with the company’s ongoing expansion efforts and reinforces its position as a key player in the infrastructure sector.  

Project Scope and Financial Details

The awarded contract focuses on the redevelopment of the New Delhi Railway Station and its associated infrastructure under the Engineering, Procurement and Construction (EPC) mode. The estimated bid project cost stands at ₹2,195.68 crore, while the overall estimated project cost is ₹2,469 crore. The project is expected to be completed within a timeframe of 45 months, emphasising efficiency and timely execution.  

About the company 

H.G. Infra Engineering Limited is a major Indian infrastructure firm specializing in roads, bridges, railways and metro projects. It partners with government bodies like NHAI and MoRTH, as well as industry giants such as Adani and Tata Projects, with a market capitalization of ₹76.11 billion.

Share Performance 

As of February 12, 2025, at 12:40 PM, the shares of HG infra are trading at ₹1,168.75 per share, reflecting a loss of 0.10% from the previous day’s closing price. Over the past month, the stock has registered a loss of 10.71% and over the last year it has declined by 22.37%. The stock’s 52-week high stands at ₹1,879.90 per share, while its 52-week low is ₹855.05 per share.

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