H.G. Infra Engineering Limited has informed the Exchange regarding 'H.G. Infra Engineering Limited has been declared as L-1 bidder by the National Highways Authority of India (NHAI)'.
HGINFRA · price
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H.G. Infra Engineering Limited (HGINFRA) has been declared the L-1 (lowest) bidder by the National Highways Authority of India (NHAI) for the construction of a six-lane access-controlled Capital Region Ring Road (Package-III) in Odisha, covering 40.33 km. The company's bid project cost is Rs. 1,582.11 crore (excluding GST), against NHAI's estimated project cost of Rs. 1,827.33 crore. The project will be executed on a Hybrid Annuity Mode (HAM) basis over a construction period of 910 days. This is a domestic government order that adds to HGINFRA's existing order book in the roads and highways segment.
This is a sizeable order win for HGINFRA, boosting its order book and providing multi-year revenue visibility. Being declared L-1 strengthens the company's position in the NHAI road-building space and is likely to be viewed positively by the market, though the actual contract award is still pending.