Rs 10,147 Crore Order Book: Multibagger Small-Cap Infrastructure Company Gets Completion Certificate For Ganga Expressway Project

On Monday, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 0.62 per cent to 23,220.70. Amid the broader market weakness, H.G. Infra Engineering share price traded at Rs 570.75, up 4.03 per cent from the previous close, after the company announced receipt of a provisional completion certificate for its EPC project forming part of the Ganga Expressway in Uttar Pradesh.

H.G. Infra Engineering Provisional Completion Certificate Received

According to the exchange filing, Adani Road Transport Limited issued a provisional completion certificate through a letter dated May 30, 2026, which was received by H.G. Infra Engineering on June 05, 2026.

The certificate declares the project fit for commencement of commercial operations, marking a key milestone for the expressway project.

H.G. Infra Engineering Project Details

The project relates to civil and associated works for Group II of the access-controlled six-lane Greenfield Expressway, expandable to eight lanes, connecting Meerut and Prayagraj in Uttar Pradesh.

The completed stretch extends from Km. 137+600 at Village Nagla Barah in Budaun district to Km. 289+300 at Village Ubariya Khurd in Hardoi district, covering a design length of 151.700 kilometres.

The project was executed on a Design, Build, Finance, Operate and Transfer (DBFOT) Toll basis and carries a total contract value of Rs 4,970.99 crore.

H.G. Infra Engineering Execution Timeline

The appointed date for the project was November 03, 2022. As per the contract terms, the stipulated construction period was 820 days, with the scheduled completion date fixed as April 30, 2026.

With the issuance of the provisional completion certificate, the designated section of the expressway is now ready for commencement of toll-based commercial operations.

Additional Details

The company stated that the contract was awarded by a domestic entity and does not fall within related party transactions. It further clarified that neither the promoter, promoter group nor group companies have any interest in the awarding entity. The development follows the company's earlier disclosures dated June 07, 2022, regarding the award of the project and November 23, 2022, regarding execution of the contract.

About H.G. Infra Engineering 

H.G. Infra Engineering Ltd is an infrastructure development and construction company engaged in the execution of roads, highways, bridges and other infrastructure projects across India. The company undertakes EPC and HAM projects and operates across multiple segments of the infrastructure sector.

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Disclaimer: The article is for informational purposes only and not investment advice.