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.

HG Infra Engineering has secured a major highway infrastructure project worth ₹1,582 crore from the National Highways Authority of India (NHAI). The company has been awarded the contract for constructing a significant portion of Odisha's Capital Region Ring Road, marking a substantial addition to its project portfolio.

Project Specifications

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 spanning 40.33 kilometers.

Financial and Execution Framework

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, allowing for systematic development of this critical infrastructure.

Strategic Significance

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. The Capital Region Ring Road will serve as a crucial link enhancing transportation efficiency in the state.