H.G. Infra Engineering Limited (HGINFRA) has been declared the Lowest Bidder (L-1) by the National Highways Authority of India (NHAI) for a significant road construction project in Odisha. The Hybrid Annuity Mode (HAM) project, valued at an estimated bid cost of Rs. 1,582.11 Crore, involves constructing a new six-lane access-controlled road. The project has a stipulated completion period of 910 Days.
HGINFRA Declared L-1 Bidder for Major Highway Project
H.G. Infra Engineering Limited (HGINFRA) formally announced on February 24, 2026, that it has been designated as the L-1 bidder by the National Highways Authority of India (NHAI) for a critical infrastructure development project.
Project Details and Financials
The awarded contract pertains to the Construction of a new Six-lane Access Controlled Capital Region Ring Road Package-III in the State of Odisha. The specific alignment runs from Gobindpur (NH-55) to Tangi near Bandola Toll Plaza (NH-16), covering the stretch from Design Ch. Km. 70+995 to Km. 111+325.
Key Contract Metrics:
- Contract Mode: Hybrid Annuity Mode (HAM)
- Length: 40.33 Km
- NHAI Estimated Project Cost: Rs. 1,827.33 Crore
- HGINFRA Bid Project Cost: Rs. 1,582.11 Crore (Excluding taxes)
- Execution Period: 910 Days
Regulatory Compliance Confirmation
The documentation confirms that the contract was awarded by a Domestic entity (NHAI). Furthermore, the nature of the contract falls under the Hybrid Annuity Mode (HAM). The details provided in Annexure A affirm that the transaction does not involve related party transactions, confirming that any potential related interests are Not Applicable.
This announcement serves to inform stakeholders of HGINFRA’s success in securing this substantial project through a competitive bidding process, reinforcing the company’s pipeline and execution capabilities in the infrastructure sector.
Source: BSE
