H.G. Infra, initially the lowest bidder for a ₹3,700 crore road project in Maharashtra, has unfortunately lost the contract as MSRDC has not provided reasons for rejecting their bid. This move removes these projects from H.G. Infra's order book.
H.G. Infra Engineering Limited
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HG Infra Engineering has removed two expressway projects worth approximately INR 4142 crores in Maharashtra from their order book, as reported by Livesquawk. This decision could potentially impact the company's current and future revenue streams in the region.
HG Infra secured a significant ₹4,100 crore order from MSRDC, boosting their order book and capturing industry attention. This could potentially drive growth for the company in the near future.
HG Infra Engineering's shares dipped by 1.1%, trading at ₹592, following news that they had removed ₹4,142 crore worth of EPC projects from their order book due to concerns about execution certainty with the MSRDC projects.
HG Infra Engineering saw a 1.6% increase in share price to Rs 629.7, following the company's win of a substantial ₹3,931 crore contract for constructing a six-lane highway corridor on NH 753F between Pune and Shirur, as reported by Business Standard.
H.G. Infra Engineering has been granted a Letter of Award by Welspun Enterprises for the construction of a new 6-lane highway in Maharashtra, spanning approximately 53.4 km. The project aims to not only build this modern infrastructure but also enhance existing roads over a period of 36 months.
Rossell Techsys increases production capacity and Bharat Forge joins Embraer's supplier network, securing new contracts for HFCL worth INR 183.9 crore. In other news, AFCons secures the largest overseas railway project, H.G. Infra receives a Rs. 3931 crore highway contract, and ACME Solar commissions battery storage in Rajasthan.
Afcons Infrastructure has been awarded a significant 75.44 billion INR railway contract in Croatia. Simultaneously, HG Infra Engineering clinched a 39.31 billion INR highway project in Maharashtra.
HG Infra Engineering has received a letter of award valued at INR 3,931 crores from Welspun Enterprises, marking a significant partnership for future projects.
HG Infra Engineering has been assigned an ICRA AA rating with a positive outlook, along with the reaffirmation of the A1 rating. These ratings apply to a total of INR 5600 crores in facilities, including a cash credit facility of INR 900 crores and NCDs worth INR 400 crores.
HG Infra Engineering Ltd has offloaded its Raipur-Vizag project subsidiary for INR 282.2 crore to Neo Infra Income Opportunities Fund, marking its exit from this particular project. The subsidiary accounted for approximately 6.5% of the company's revenue and 2.6% of net worth in FY25, but will no longer be part of HG Infra following the sale.
HG Infra Engineering has sold one of its subsidiaries for INR 282.2 crore, with an immediate cash inflow of INR 203 crore. Despite this significant deal, the company's stock price dropped by 1.9% to INR 606.5, indicating that the transaction is not a slump sale or related party transaction.
UltraTech Cement set to overtake other global players, reaching a capacity of 200 MTPA, making it the largest outside China by adding 8.7 MTPA through three new units. On the other hand, pharmaceutical companies Lupin, Aurobindo, and Cipla face potential disruptions as they undergo USFDA inspections, while HG Infra, EMS, and Zee focus on infrastructure and media sectors.
H.G. Infra Engineering has established a new subsidiary for managing an approximately $21 million six-lane highway project in Odisha, India, scheduled to be completed within 910 days under the Build-Operate-Transfer (HAM) model.
NK Securities has offloaded approximately 386 thousand shares of H.G. Infra Engineering for a price of ₹635.2 each in a recent trade on the National Stock Exchange.
Microcurves Private Limited has disposed of approximately 467,000 shares of H.G. Infra at an average price of around ₹633.90 each, according to the National Stock Exchange bulk trades.
HG Infra's share price surged by 15% following a significant Rs 519 crore contract win in Uttar Pradesh. The stock has seen a 20% increase since March, bucking the overall market trend and the impact of geopolitical tensions with Iran.
HG Infra Engineering secures a significant Rs. 519.3 crore contract from Mirzapur Thermal Energy for a comprehensive 18-month project at their 2x800 MW power plant, encompassing civil works, earthworks, bridge construction, and railway infrastructure development.
CARE Ratings maintains H.G. Infra Engineering's long-term bank facilities at a high rating of AA, with a stable outlook. The total amount for these facilities has been lowered from INR 200 crore to INR 140 crore.
H.G. Infra Engineering's Chief of Staff, Col Satyajeet Ghoshal, is stepping down in late March 2026 due to personal matters. His departure marks an imminent change within the company's leadership structure.
H.G. Infra Engineering Ltd is planning to dissolve eight non-active subsidiaries within the next three to four months, with no previous recorded revenues or assets associated with these entities. This move could help streamline operations and focus on core business activities.
H.G. Infra Engineering plans to close eight dormant solar subsidiaries following regulatory approval, marking their imminent dissolution.