HG Infra bags Rs. 997 crore NHAI Project under Bharatmala Pariyojana
Mumbai, January 23, 2019: HG Infra Engineering Limited (BSE: 541019; NSE: HGINFRA), a leading player in the road construction sector is declared L-1 bidder by National Highways Authority of India (NHAI), New Delhi for new EPC Project in Rajasthan under Bharatmala Pariyojana. The cost of the project is Rs. 997 crore.
The project work includes construction of 8 lane carriageway starting at Haryana-Rajasthan border and ends at junction with SH44 (Km 78.800 to Km 115.700) section of Delhi-Vadodara Green Field Alignment (NH-148N) on EPC Mode.
The Company had recently also bagged an order worth Rs. 565 crore under NHAI road project in the state of Haryana on January 11, 2019. With this, the Company has bagged two orders worth Rs 1562 crores in the month of January 2019, taking the order book of the Company to Rs 6062 cr as on date.
Commenting on the development, Mr. Harendra Singh, Chairman & Managing Director, HG Infra Engineering Limited said, “We are delighted to announce that the 2019 has begun on a very positive note. We have been able to bag two back-to-back high value orders in the same month from NHAI. This proves our order domain expertise and strong execution capabilities in the infrastructure sector.”
About HG Infra Engineering Limited:HG Infra is a leading player in the roads & highways space with an execution track record of over 15 years. HG provides engineering, procurement and construction (EPC) services on a fixed-sum turnkey basis and undertaking civil construction and related infrastructure projects, in the road construction space. With 22 orders under execution, the Company has presence in Rajasthan, Uttar Pradesh, Haryana, Uttarakhand, Maharashtra and Arunachal Pradesh. The Company has a robust business model built around complete integration, large fleet of in-house equipment and skilled manpower.
