Whalesbook
Project Awarded
HG Infra Engineering Ltd announced on Friday that its wholly owned subsidiary, HG Bahuvan Jagarnathpur Highway Private Ltd, has received the crucial appointed date for its National Highway project in Uttar Pradesh. The official declaration came from the Superintending Engineer, National Highways Circle, PWD Lucknow, setting January 16, 2026, as the commencement date for construction activities.
Project Scope and Execution
The ₹763.11 crore project involves the improvement and up-gradation of a two-lane highway with paved shoulders along the newly declared NH 227B. This stretch, known as the "84 Kosi Parikrama Marg," connects Bahuvan Madar Majha to Jagarnathpur. The project is slated for execution under the Hybrid Annuity Mode (HAM) and is expected to be completed within a two-year construction period. HG Infra stated that this award falls within the normal course of its business operations.
Financial Performance Context
The development occurs against a backdrop of recent financial results. For the quarter ending September 2025, HG Infra Engineering reported a net profit of ₹52.1 crore, marking a 35.4% decrease compared to ₹80.7 crore in the same period last year. Revenue from operations showed marginal growth, inching up 0.2% to ₹904.5 crore. However, EBITDA experienced a 5.9% year-on-year drop to ₹206.2 crore, accompanied by a contraction in operating margins from 24.3% to 22.8%, indicative of rising cost pressures. Shares of HG Infra Engineering concluded trading on the BSE at ₹684.40, reflecting a 1.57% decline.