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The latest update is out from H.G. Infra Engineering Ltd. ( (IN:HGINFRA) ).
H.G. Infra Engineering Ltd. has incorporated a wholly owned subsidiary, H.G. Gobindpur Tangi Highway Private Ltd., as a special purpose vehicle to execute a National Highways Authority of India project in Odisha. The SPV will construct a new six-lane access-controlled Capital Region Ring Road Package-III from Gobindpur on NH-55 to Tangi near Bandola Toll Plaza on NH-16, covering 40.33 km under the Hybrid Annuity Mode at a project cost of Rs 1,582.11 crore, signaling further expansion of the company’s national highway portfolio and long-term order book.
The new subsidiary has an authorised and subscribed capital of Rs 15 lakh, fully held by H.G. Infra Engineering Ltd., and the transaction is classified as a related-party transaction due to its wholly owned structure. The project, with a construction period of 910 days, strengthens the company’s role in Odisha’s transport infrastructure build-out and underscores its continued alignment with government-led highway expansion, which could support revenue visibility and operational scale over the medium term.
More about H.G. Infra Engineering Ltd.
H.G. Infra Engineering Ltd. is an Indian infrastructure and engineering company focused on road and highway construction projects. The company undertakes large-scale government-backed assignments, often through special purpose vehicles, with a strong presence in national highway development and related infrastructure works across India.
Average Trading Volume: 38,807
Technical Sentiment Signal: Sell
Current Market Cap: 41.03B INR
Find detailed analytics on HGINFRA stock on TipRanks’ Stock Analysis page.