Rs 13,933 crore order book: Infra Company Subsidiary Gets Appointed Date for Rs 763.11 Crore UP Highway Project
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The stock is up by 2 per cent from its 52-week low of Rs 751.50 per share and has given multibagger returns of over 200 per cent in 5 years.
H.G. Infra Engineering Limited (HGINFRA) announced that its wholly owned subsidiary, H.G. Bahuvan Jagarnathpur Highway Private Limited, has received the Appointed Date for a major highway project in Uttar Pradesh.
The Superintending Engineer of the National Highways Circle, PWD Lucknow, has formally declared 16 January 2026 as the appointed date for the improvement and up-gradation of a 63.84 km stretch of the newly declared National Highway 227B, popularly known as the “84 Kosi Parikrama Marg”.
The project entails upgrading the existing road to a two-lane carriageway with paved shoulders between Bahuvan Madar Majha and Jagarnathpur. It is being developed under the Hybrid Annuity Mode (HAM) at a total project cost of Rs 763.11 crore (approximately USD 92 million*, depending on prevailing exchange rates).
With the appointed date now effective, the Construction period for the project is officially defined as two years from this date. This milestone enables mobilisation of resources and commencement of detailed construction activities, bringing improved connectivity and transportation efficiency to the region.
About the Company
H.G. Infra Engineering Ltd (HGIEL) is a prominent Indian road infrastructure company offering Engineering, Procurement, and Construction (EPC) services, as well as maintenance for roads, bridges, and other infrastructure. Specialising in road construction with a focus on Hybrid Annuity Model (HAM) projects, HGIEL has successfully completed over 10 HAM projects and is currently executing 26 projects across 13 Indian states. The company has also diversified into Railways, metro, Solar power, and water projects. With accreditations as an AA-class contractor by the Rajasthan PWD and an SS-class contractor by the Military Engineer Services, HGIEL serves a diverse clientele including MoRTH, NHAI, Indian Railways, and private entities like Adani and Tata Projects.
Order Book: The company’s order book stands at Rs 13,933 crore as of September 30, 2025. The orders are bagged from various clients across India, including National Highways Authority of India (NHAI), Adani, Delhi Metro Rail Corporation (DMRC), Ministry of Road Transport & Highways, Government of India (MoRTH), Maharashtra State Road Development Corporation (MSRDC), Central Railway (CR), South Central Railway (SCR), Rail Vikas Nigam Ltd (RVNL), Jodhpur Vidyut Vitran Nigam Limited (JDVVNL) and North Central Railway (NCR).
As of September 2025, Abakkus Emerging Opportunities Fund – 1 (owned by a renowned Ace Investor, Sunil Singhania) owns a 1.36 per cent stake in the company. The stock has an ROE of 18 per cent and an ROCE of 17 per cent. The stock is up by 2 per cent from its 52-week low of Rs 751.50 per share and has given multibagger returns of over 200 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.