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.

HG Infra Engineering has received significant relief as the CBI court in Patna granted bail to all four company officials and anticipatory bail to the Chairman & Managing Director. The Court of Spl. Judge, CBI-1, Patna, released the officials from judicial custody while legal proceedings continue.

Court Decision and Official Relief

The CBI court's comprehensive decision provides relief across the company's leadership structure. The court granted bail and released four company officials from judicial custody, while also providing anticipatory bail protection for the top executive.

Company Communication and Compliance

H.G. Infra Engineering Limited formally communicated this development to stock exchanges under Regulation 30. The company filed the update with BSE Limited and National Stock Exchange of India Limited, maintaining transparency with stakeholders about the legal proceedings.

Ongoing Legal Cooperation

The infrastructure engineering company emphasized its continued cooperation with enforcement agencies. Company Secretary & Compliance Officer Ankita Mehra signed the official communication, confirming the company's commitment to transparency and regulatory compliance throughout the legal process.

The company assured stakeholders that any further developments in the CBI search matter will be promptly communicated to stock exchanges, maintaining ongoing transparency in the legal proceedings.