H.G. Infra Bags Rs 763 Crore UP Road Project

H.G. Infra Engineering's stock surged by 3.75% to Rs 1,702.60 after being named the L-1 bidder for a Rs 763.11 crore project by the Ministry of Road Transport and Highways (MORTH). The project, involving the improvement and upgradation of a 2-lane stretch of NH 227B, also known as the "84 Kosi Parikrama Marg," runs from Bahuvan Madar Majha to Jagarnathpur in Uttar Pradesh. This significant infrastructure development will be executed under the Hybrid Annuity Mode (HAM) and is slated for completion within two years.

MORTH had initially estimated the project cost at Rs 898.5 crore, but H.G. Infra's competitive bid of Rs 763.11 crore secured them the contract. This project is expected to enhance connectivity and boost economic activities in the region.

H.G. Infra Engineering is renowned for its expertise in constructing roads and highways across various Indian states, including Odisha, Telangana, Rajasthan, Delhi, Andhra Pradesh, Haryana, and Uttar Pradesh. The company holds an AA class accreditation from the Public Works Department (PWD) of the Government of Rajasthan and is registered as an SS class contractor by the Military Engineer Services (MES).

The announcement of this project win highlights H.G. Infra's strong presence in the Indian infrastructure sector, reinforcing its reputation for delivering quality and timely projects. As the company embarks on this new venture, stakeholders anticipate further growth and success in the coming years.

News by Rahul Yelligetti