HG Infra Engineering has secured a significant victory, being declared the lowest bidder (L1) by the Ministry of Road Transport and Highways (MoRTH) for a major project in Uttar Pradesh. The project involves upgrading the newly declared NH-227B, spanning from Bahuvan Madar Majha to Jagarnathpur, a stretch known as the '84 Kosi Parikrama Marg.' The company's winning bid for this extensive two-laning project with paved shoulders is valued at Rs 763.11 crore.
This project, covering design kilometers 160.200 to 224.040, is set to be executed under the hybrid annuity model (HAM), specifically as Package-VI. This model blends government support and private investment, ensuring efficient execution and maintenance of the infrastructure.
The upgradation of NH-227B is a significant infrastructure development, aiming to enhance connectivity and support economic growth in the region. With this project, HG Infra Engineering continues to strengthen its portfolio, showcasing its expertise in handling large-scale road projects.
The successful bid marks another milestone for HG Infra, reinforcing its reputation as a leading player in the Indian infrastructure sector. The company's strategic approach and competitive bidding have paved the way for this new venture.
News by Rahul Yelligetti