H.G. Infra Engineering Share Price Surges After Receiving LOA for ITI Bhiwadi Cluster Worth ₹241 Crore 

H.G. Infra Engineering Limited has secured a Letter of Award from the Department of Skill, Employment & Entrepreneurship, Government of Rajasthan, for a long-term skilling infrastructure project, as per the exchange filings. 

The LOA, dated August 10, 2026, was received by the company on August 11, 2026. The award relates to the operation and management of the ITI Bhiwadi Cluster under Component-I of PM-SETU. 

10-Year ITI Management Mandate 

The project will be undertaken through a Public Private Partnership (PPP) model, with H.G. Infra Engineering participating as the Anchor Industry Partner. 

The estimated project cost is ₹241 crore, while HGINFRA's share as Anchor Industry Partner is specified at 17.10%. The operation and management period under the award is 10 years. 

PM-SETU stands for Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs. The project authority is the Department of Skill, Employment & Entrepreneurship, Government of Rajasthan. 

Project Follows Earlier Announcement 

The latest award follows H.G. Infra Engineering's earlier announcement dated July 13, 2026.  

The company received the LOA from the Rajasthan government department on August 11, adding a new skilling and employability project to its portfolio. 

Read More: Godrej Consumer Products Share Price Falls Over 10%; Appoints Aasif Malbari as Managing Director and CEO! 

H.G. Infra Engineering Share Price Performance  

As of 12 August 2026, at 12:40 PM, H.G. Infra Engineering Limited share price was trading at ₹560.35 per share, reflecting a surge of 2.29% from the previous trading session. 

Conclusion 

The award gives H.G. Infra Engineering a 10-year role in operating and managing the ITI Bhiwadi Cluster under PM-SETU, with the project carrying an estimated cost of ₹241 crore and HGINFRA's Anchor Industry Partner share set at 17.10%. 

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