HG Infra Engineering Limited has successfully completed its first interest payment on Non-Convertible Debentures (NCDs), demonstrating its commitment to timely debt servicing obligations. The infrastructure company made the payment in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Interest Payment Details

The company paid ₹17,14,68,400 as interest on its ₹400 crore NCD issue. The payment covered interest on 40,000 Senior Rated Listed Unsecured Redeemable Non-Convertible Debentures, each with a face value of ₹1,00,000.

Payment Timeline and Compliance

The interest payment followed a structured timeline with specific dates for record and payment purposes. The company adhered to the Business Day Convention as agreed in the financing arrangement.

The payment was made on March 02, 2026, instead of the original due date of February 28, 2026, following the Business Day Convention agreed upon in the financing arrangement. This represents the first interest payment post-issuance of these debentures.

Regulatory Compliance

HG Infra Engineering Limited filed the mandatory certificate with BSE Limited under Regulation 57 of SEBI regulations. The certificate confirms timely payment of interest and provides comprehensive details of the payment structure. Company Secretary and Compliance Officer Ankita Mehra signed the compliance certificate, ensuring proper documentation of the payment.

The debenture trustee, Catalyst Trusteeship Limited, was also notified of the payment completion. The company maintained full transparency by providing detailed information about the payment process and confirming no delays or non-payment issues occurred during this cycle.

H.G. Infra Engineering Limited has officially received the Letter of Award (LOA) from the National Highways Authority of India (NHAI) for a major highway infrastructure project worth ₹1,582 crore. The company announced the receipt of the LOA through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Award Details

The LOA was issued for the construction of a new six-lane access controlled Capital Region Ring Road Package-III in Odisha state. This infrastructure development will connect Gobindpur (NH-55) to Tangi near Bandola Toll Plaza (NH-16), covering a strategic route from Design Ch. Km. 70+995 to Km. 111+325.

Regulatory Compliance and Documentation

The company filed the regulatory disclosure following its earlier announcement and in compliance with SEBI regulations. The LOA represents the formal confirmation of the contract award after HG Infra Engineering was declared the lowest bidder for this significant infrastructure project. The company promptly informed both BSE Limited and National Stock Exchange of India Limited about this contract award confirmation.

Financial and Strategic Impact

The project will be executed under the Hybrid Annuity Mode (HAM), providing a balanced risk-sharing framework between NHAI and the developer. With a construction timeline of 910 days, the project represents approximately 2.5 years of systematic infrastructure development. The company's winning bid of ₹1,582 crore was significantly competitive compared to NHAI's estimated project cost of ₹1,827 crore, demonstrating efficient project planning and cost optimization.

Infrastructure Significance

This Capital Region Ring Road project will serve as a crucial transportation link in Odisha's capital region, enhancing connectivity and supporting regional economic development. The six-lane access-controlled design reflects the project's strategic importance for long-term traffic management and infrastructure modernization in the state.