H.G. Infra Engineering Limited has incorporated a wholly owned subsidiary, H.G. Gobindpur Tangi Highway Private Limited, to execute a major infrastructure project in Odisha. The subsidiary will function as a special purpose vehicle (SPV) to oversee the construction of a six-lane access-controlled road under the Hybrid Annuity Mode (HAM). The project, valued at Rs. 1,582.11 crore, covers a length of 40.33 kilometers and has a construction timeline of 910 days.
Strategic Subsidiary Formation
To effectively manage the execution of its latest infrastructure project, H.G. Infra Engineering Limited has officially incorporated H.G. Gobindpur Tangi Highway Private Limited. This newly formed entity operates as a 100% owned subsidiary and has been established as a Special Purpose Vehicle (SPV) specifically for the development of the Capital Region Ring Road Package-III in Odisha.
Project Details and Scope
The project involves the construction of a high-capacity six-lane access-controlled highway. The route spans from Gobindpur (NH-55) to Tangi near Bandola Toll Plaza (NH-16), covering a total distance of 40.33 kilometers. The project will be developed under the Hybrid Annuity Mode (HAM), a framework designed to streamline project financing and construction risk. The total cost of the project is estimated at Rs. 1,582.11 crore.
Operational Timeline
The subsidiary was incorporated on April 4, 2026, to ensure focused delivery of the project objectives. Construction activities for this corridor are slated for a duration of 910 days. This development marks a significant step in the company’s efforts to expand its infrastructure footprint in the state of Odisha while maintaining its commitment to timely and high-quality project completion.
Source: BSE
