H.G. Infra Engineering Limited has informed the Exchange regarding 'Receipt of Letter of Award (LOA) from National Highways Authority of India (NHAI)'.
HGINFRA · price
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Awaiting price reaction for this filing.
H.G. Infra Engineering has won a Letter of Award from NHAI to build a 40.33 km six-lane access-controlled highway in Odisha, connecting Gobindpur on NH-55 to Tangi near Bandola Toll Plaza on NH-16. The total project cost is estimated at Rs. 1,827.33 crore, with HGINFRA's bid project cost at Rs. 1,582.11 crore (excluding GST). The project will be executed under the Hybrid Annuity Mode (HAM) over a construction period of 910 days. This is a follow-up to the company's earlier announcement dated February 24, 2026.
This is a significant order win from a government client (NHAI), worth roughly 25-30% of HGINFRA's annual revenue, which should strengthen the company's order book and provide multi-year revenue visibility. Positive for the stock in the near term, though execution risks and HAM mode receivable timelines remain key factors to watch.