HG Infra Engineering's Subsidiary Secures Rs 1,123.10 Crore NHAI Contract for Odisha Highway Project
HG Infra Engineering's subsidiary has been awarded a ₹1,123.10 crore contract by NHAI for developing a six-lane section of the Raipur-Visakhapatnam Economic Corridor in Odisha. The project, to be completed in 730 days, covers the Baunsaguar-Baraja Section of NH-130-CD Road. Additionally, the company received a provisional completion certificate for a previously awarded project in the same corridor, completed ahead of the revised schedule.

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HG Infra Engineering (HGINFRA) has announced a significant development in its infrastructure portfolio. The company's wholly-owned subsidiary, HG Raipur Visakhapatnam OD-6 Private Limited, has been awarded a substantial contract by the National Highway Authority of India (NHAI) for a major road project in Odisha.
Contract Details
The contract, valued at Rs 1,123.10 crore, involves the development of a six-lane road section as part of the Raipur-Visakhapatnam Economic Corridor. Specifically, the project entails the construction of the Baunsaguar-Baraja Section of NH-130-CD Road, spanning from km 293+000 to 338+558 in the state of Odisha.
Project Specifications
Aspect | Details |
---|---|
Project Type | Hybrid Annuity Mode (HAM) |
Scope | Development of a six-lane highway section |
Project Duration | 730 days (approximately 2 years) |
Awarding Authority | National Highway Authority of India (NHAI) |
Strategic Importance
This project is a crucial component of the broader Raipur-Visakhapatnam Economic Corridor, which aims to enhance connectivity and facilitate economic growth in the region. The development of this six-lane section is expected to significantly improve transportation infrastructure and support increased economic activity along the corridor.
Company Update
In addition to the new contract, HG Infra Engineering has also provided an update on a previously awarded project in the same region. The company has received a provisional certificate for the completion of another section of the Raipur-Visakhapatnam Economic Corridor.
Completed Project Details
Aspect | Details |
---|---|
Project | Six-Lane Baunsaguar-Baraja Section of NH-130-CD Road |
Location | Odisha |
Contract Value | Rs 1,123.11 crore |
Appointed Date | June 01, 2022 |
Original Completion Date | May 31, 2024 |
Actual Completion Date | January 08, 2025 |
Provisional Completion Certificate Date | April 25, 2025 |
The successful completion of this project ahead of the revised schedule demonstrates HG Infra Engineering's capability to execute large-scale infrastructure projects efficiently.
Market Impact
This new contract, along with the successful completion of the previous project, underscores HG Infra Engineering's strong position in the infrastructure sector . The company's ability to secure and execute significant highway projects is likely to be viewed positively by investors and industry observers.
As HG Infra Engineering continues to expand its project portfolio and demonstrate its execution capabilities, it reinforces its role as a key player in India's ongoing infrastructure development initiatives.
Historical Stock Returns for HG Infra Engineering
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+4.72% | +5.69% | +1.02% | -19.86% | -34.42% | +486.68% |