HG Infra Engineering Wins ₹1,582.11 Crore NHAI Highway Project in Odisha
HG Infra Engineering has been officially declared as L1 bidder by NHAI for a ₹1,582.11 crore highway project in Odisha, involving construction of 40.33 km six-lane access controlled Capital Region Ring Road under Hybrid Annuity Mode with 910-day execution period.
*this image is generated using AI for illustrative purposes only.
HG Infra Engineering has been officially declared as the L1 (lowest) bidder by the National Highways Authority of India (NHAI) for a major highway infrastructure project worth ₹1,582.11 crore. The company announced this significant development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Project Overview
The awarded project involves 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.
| Parameter: | Details |
|---|---|
| Project Value: | ₹1,582.11 crore |
| NHAI Estimated Cost: | ₹1,827.33 crore |
| Project Length: | 40.33 km |
| Construction Period: | 910 days |
| Project Mode: | Hybrid Annuity Mode (HAM) |
| Location: | Odisha State |
Financial and Strategic Impact
HG Infra Engineering's winning bid of ₹1,582.11 crore represents a competitive advantage over NHAI's estimated project cost of ₹1,827.33 crore. The project will be executed under the Hybrid Annuity Mode (HAM), which provides a balanced risk-sharing mechanism between the government and private developer. The 910-day construction timeline indicates a project duration of approximately 2.5 years.
Regulatory Compliance
The company has fulfilled its disclosure obligations by informing both BSE Limited (Scrip Code: 541019/977063) and National Stock Exchange of India Limited (Scrip Symbol: HGINFRA) about this material development. The announcement was made through proper regulatory channels, demonstrating the company's commitment to transparency and compliance with listing requirements.
Business Implications
This contract award significantly strengthens HG Infra Engineering's position in the highway construction sector and adds substantial value to its order book. The project's strategic location in Odisha's capital region and its six-lane access-controlled design highlight the infrastructure's importance for regional connectivity and economic development.
Historical Stock Returns for HG Infra Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.29% | -11.60% | -3.57% | -43.09% | -47.36% | +100.28% |
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