NewsStocksH.G. Infra Engineering Subsidiary Completes ₹1,060 Cr Highway Project in Andhra PradeshH.G. Infra Engineering Subsidiary Completes ₹1,060 Cr Highway Project in Andhra Pradesh
HG Infra Engineering's subsidiary has completed a six-lane highway project from Aluru - Jakkuva Section of NH-130 CD Road in Andhra Pradesh. The project, valued at ₹1,060.11 crores, is part of the Raipur-Visakhapatnam Economic Corridor. A Provisional Completion Certificate was issued on October 1, 2025, declaring the project fit for commercial operation from May 23, 2025. This development is expected to enhance regional connectivity and boost economic activities.
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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
| Aspect | Value |
|---|---|
| Project Value | ₹1,060.11 crores |
| Appointed Date | March 31, 2022 |
| Scheduled Completion Date | March 29, 2024 |
| Actual Provisional Completion Date | May 23, 2025 |
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.
Historical Stock Returns for HG Infra Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.58% | +1.58% | -4.10% | -13.40% | -35.85% | +409.74% |
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