H.G. Infra Engineering Limited has been declared the L-1 bidder by the Department of Skill, Employment & Entrepreneurship, Government of Rajasthan. This prestigious award is for the Upgradation of Industrial Training Institutes (ITIs) under the National Scheme for ITI Upgradation in the Bhiwadi cluster. The contract is valued at approximately Rs. 241 Crore and has a tenure of 10 years, marking a significant achievement for the company in the education infrastructure sector.
H.G. Infra Engineering Secures Key Government Contract
H.G. Infra Engineering Limited is pleased to announce its designation as the L-1 bidder for a significant project concerning the Upgradation of Industrial Training Institutes (ITIs). The award comes from the Department of Skill, Employment & Entrepreneurship, Government of Rajasthan, and is part of the National Scheme for ITI Upgradation for the Bhiwadi cluster.
Project Details and Value
The contract, categorized under a Public Private Partnership (PPP) mode, represents a substantial opportunity for H.G. Infra Engineering. The estimated cost for this initiative is Rs. 241 Crore, with the company securing a 17.10% share of this value. The agreement is set to span a considerable duration of 10 Years, underscoring the long-term commitment and scope of the project. This development highlights the company’s growing presence and capabilities in contributing to educational infrastructure development.
Regulatory Compliance
This announcement is made in compliance with the disclosure requirements as stipulated by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further details concerning the terms and conditions of the awarded contract are provided in Annexure A of the official disclosure.
Source: BSE
