H.G. Infra Engineering Secures NHAI Project Worth INR 1582 Crore

H.G. Infra Engineering Limited has been awarded the status of L-1 bidder by the National Highways Authority of India (NHAI) for a major infrastructure project. The project entails the construction of a new six-lane access-controlled Capital Region Ring Road Package-III, extending from Gobindpur (NH-55) to Tangi near Bandola Toll Plaza (NH-16) in the state of Odisha. The construction will cover a distance from Design Ch. Km. 70+995 to Km. 111+325.

The estimated project cost is INR 1827 Crore, while H.G. Infra’s bid for the project stands at INR 1582 Crore. The project will be executed under the Hybrid Annuity Mode (HAM), which is a public-private partnership model. The construction period for this project is set at 910 days, excluding applicable taxes such as GST.

According to the filing, the order has been awarded by a domestic entity, and there are no related party transactions involved. The project is expected to enhance the infrastructure in the region, providing better connectivity and access control.

The National Highways Authority of India is responsible for the development, maintenance, and management of national highways in India. It operates under the Ministry of Road Transport and Highways and plays a crucial role in the expansion and improvement of the national highway network.

H.G. Infra Engineering Limited is a prominent player in the infrastructure sector, focusing on engineering, procurement, and construction services. The company is involved in the development of roads, highways, and other infrastructure projects across India. Its strategic initiatives are aimed at expanding its project portfolio and enhancing its execution capabilities in the infrastructure domain.