H.G. Infra Engineering Share Price in Focus; Bags ₹1,582 Crore HAM Road Project from NHAI

H.G. Infra Engineering Ltd has received a Letter of Award dated February 27, 2026, from the National Highways Authority of India for a road project in Odisha, according to its regulatory filing.  

The work relates to Package-III of the Capital Region Ring Road and involves construction of a 6-lane access-controlled stretch between Gobindpur on NH-55 and Tangi near the Bandola Toll Plaza on NH-16. The proposed alignment runs from design chainage km 70+995 to km 111+325 in the state. 

Project Scope 

The total length of the project is 40.33 kilometres. It has been awarded under the Hybrid Annuity Mode (HAM), where funding responsibility is shared between the government and the private developer. The estimated project cost is ₹1,827.33 crore. 

H.G. Infra’s bid project cost stands at ₹1,582.11 crore, excluding applicable GST. The construction timeline has been set at 910 days from the appointed date. 

Contract Structure 

As outlined in the filing, the project falls under NH(O) and forms part of a broader capital region connectivity plan.  

HAM-based contracts typically provide for staggered payments linked to project progress and post-construction performance. The company had earlier disclosed details required under applicable SEBI regulations. 

Related Developments 

Separately, the Court of Special Judge, CBI-1, Patna has granted anticipatory bail to Chairman and Managing Director Harendra Singh in connection with an ongoing investigation. 

Additionally, 4 company officials, Anoop Singh, Gaurav Kushwaha, Akash Patra and Dhiraj Virmani were also granted bail. 

The matter follows search operations conducted on January 21, 2026 by the Central Bureau of Investigation and the Anti-Corruption Bureau at locations including the company’s Jaipur corporate office, Gurugram regional office and a project site in Bihar. 

H.G. Infra Engineering Share Price Performance  

As of March 2, 2026, 9:18 pm, H.G. Infra Engineering share price trading at ₹526.35, a 2.61% decrease from the previous closing price. 

Read More: Vedanta Share Price in Focus; Secures Preferred Bidder for Karnapodikonda Bauxite Block in Odisha! 

Conclusion 

The newly awarded road project adds to H.G. Infra Engineering’s order book in the highways segment. The contract outlines a defined execution period of 910 days under the HAM structure. Separately, legal proceedings involving company officials remain under process. 

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