Rs 10,147 Crore Order Book: Civil Construction Company Declared L-1 Bidder For Rs 241 Crore Rajasthan ITI Upgradation Project
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H.G. Infra Engineering has emerged as L-1 bidder for a Rs 241 crore ITI upgradation project in Rajasthan under a 10-year PPP model, with consideration structured at 17.10 per cent of project cost.
✨ Key Takeaways
On Monday, Indian equity benchmarks traded marginally higher, with the benchmark Nifty 50 index gaining 0.02 per cent to 24,211. H.G. Infra Engineering share price traded at Rs 568.05, up 0.78 per cent or Rs 4.40 from the previous close, after the company announced that it had been declared the L-1 bidder for an Industrial Training Institute upgradation project in Rajasthan.
H.G. Infra Engineering Declared L-1 Bidder
H.G. Infra Engineering Limited announced that it has been declared the L-1 bidder by the Department of Skill, Employment & Entrepreneurship, Government of Rajasthan, for the upgradation of Industrial Training Institutes under the National Scheme for ITI Upgradation in the Bhiwadi cluster.
The project has been awarded by a domestic government entity and will be undertaken under the Public Private Partnership mode.
Rs 241 Crore Estimated Project Cost
According to the company's exchange filing, the estimated project cost stands at Rs 241 crore, with H.G. Infra Engineering's percentage share stated at 17.10. The contract has an execution period of 10 years.
The project covers the upgradation of ITIs in the Bhiwadi cluster under the National Scheme for ITI Upgradation. The filing stated that the promoter, promoter group or group companies do not have any interest in the entity awarding the contract. The contract also does not fall under related-party transactions.
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Project Awarded By Rajasthan Government Department
The awarding authority is the Department of Skill, Employment & Entrepreneurship, Government of Rajasthan. The company's July 13, 2026 exchange filing disclosed the L-1 bidder status to BSE and NSE under Regulations 30 and 51 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
About H.G. Infra Engineering
H.G. Infra Engineering Limited is an infrastructure development company engaged in the execution of engineering, procurement and construction projects. The company undertakes infrastructure projects across roads, highways, railways and other infrastructure segments. Further, the company has a robust order book of Rs 10,147 crore, providing revenue visibility across its infrastructure and civil construction projects.
The company is headquartered in Jaipur, Rajasthan, and executes projects for government authorities and other public-sector entities.
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Disclaimer: The article is for informational purposes only and not investment advice.