HG Infra Engineering’s Arm Secured a Project Worth ₹1,123 Crore From the NHAI

H.G. Infra Engineering Limited has achieved a significant milestone through its wholly owned subsidiary, H.G. Raipur Visakhapatnam OD-6 Private Limited. The company announced the receipt of a provisional certificate for a major infrastructure project in Odisha, advancing its portfolio of national highway developments.

Project Overview and Key Details

The project involves the development of a six-lane section of the NH-130-CD Road, stretching from km 203+000 to km 338+558, under the Raipur-Visakhapatnam Economic Corridor. Awarded by the National Highway Authority of India (NHAI) under a hybrid annuity mode (HAM), the contract valued at ₹1123.11 crore was initially scheduled for completion by 31 May 2024. 

However, the project achieved commercial operational readiness on 8 January 2025, with the provisional certificate being issued on 25 April 2025 and received by the company on 28 April 2025.

The nature of the project was purely domestic with a defined execution timeline of 730 days. The order does not involve any related party transactions nor any interest from promoter groups.

Key Developments

Last week, the company announced the resignation of Chandra Pal Mehta from his position as technical president, effective at the end of the business day on April 24, 2025.

Previously, on April 21st, the infrastructure firm had reported securing a 300 MW/600 MWh portion of a 500 MW/1000 MWh project focused on deploying standalone battery energy storage systems in Gujarat.

Read More: HG Infra Named Qualified Bidder for 300 MW Battery Storage Project in Gujarat

HG Infra Engineering Share Performance 

As of April 29, 2025, at 10:00 AM, HG Infra Engineering share price is trading at ₹1,106.90 per share, reflecting a surge of 1.96% from the previous closing price. Over the past month, the stock has surged by 1.26%. The stock’s 52-week high stands at ₹1,879.90 per share, while its low is ₹928.55 per share

Conclusion

The receipt of the provisional certificate highlights H.G. Infra Engineering Limited’s capability to deliver major infrastructure projects, reinforcing its position in India’s construction sector. It marks another success in the company’s ongoing efforts to contribute to national highway development.

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