HG Infra Engineering Limited has announced the successful completion of a major highway project in Rajasthan, marking a significant milestone for the company. The project, valued at ₹1,258.11 crore, received its completion certificate, signaling readiness for commercial operation.

Project Details

The completed project involves the construction of an eight-lane carriageway, which is part of the Delhi-Vadodara Access controlled Green Field Alignment (NH-148N) under the Bharatmala Pariyojna initiative. Here are the key details of the project:

Significance of the Completion

The receipt of the completion certificate is a crucial development for HG Infra Engineering. It indicates that:

1. The project has met all required specifications and quality standards set by the NHAI.
2. The company has successfully delivered on a significant infrastructure project within the stipulated timeframe.
3. The completed highway section is now ready for commercial operations, which could potentially lead to revenue generation for the relevant authorities.

Company Disclosure

In compliance with SEBI regulations, HG Infra Engineering disclosed this information to the stock exchanges.

This project completion demonstrates HG Infra Engineering's capability in executing large-scale infrastructure projects and could potentially strengthen its position for future contract bids in the infrastructure sector.

As India continues to focus on improving its highway infrastructure, the timely completion of such projects is crucial for the country's economic development and connectivity enhancement.

HG Infra Engineering has announced a significant milestone in its infrastructure development efforts. The company's wholly-owned subsidiary, H.G. Raipur Visakhapatnam AP-1 Private Limited, has successfully completed a major highway project in Andhra Pradesh, marking a crucial step in the development of the Raipur–Visakhapatnam Economic Corridor.

Project Details

The completed project involves the development of a six-lane highway from the Aluru - Jakkuva Section of NH-130 CD Road, spanning from Km. 365+033 to Km. 396+800. This stretch is a vital component of the Raipur-Visakhapatnam Economic Corridor in Andhra Pradesh and was executed under the Bharatmala Pariyojana on a Hybrid Annuity Mode.

Financial and Timeline Aspects

Milestone Achievement

The company has received a Provisional Completion Certificate (PCC-1) for the project. This certificate, issued by the Independent Engineer on October 1, 2025, declares the project fit for commercial operation as of May 23, 2025. The completion of this project represents a significant achievement for HG Infra Engineering and its subsidiary.

Strategic Importance

This project is part of the larger Raipur–Visakhapatnam Economic Corridor, which aims to enhance connectivity and boost economic activities between the two cities. The completion of this six-lane highway section is expected to significantly improve transportation infrastructure in the region, potentially catalyzing economic growth and development along the corridor.

Company Disclosure

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, HG Infra Engineering has duly informed the stock exchanges about this development. The company's commitment to timely project delivery and transparent communication with stakeholders is evident in their prompt disclosure of this achievement.

The successful completion of this high-value infrastructure project underscores HG Infra Engineering's capabilities in executing large-scale highway developments. As the Raipur–Visakhapatnam Economic Corridor progresses, the impact of such infrastructure improvements on regional connectivity and economic prospects will be closely watched by investors and industry observers alike.