Synopsis: H.G. Infra Engineering shares surged 10% after the company received a provisional completion certificate for its Rs. 4,970.99 crore Ganga Expressway package, enabling commercial operations and reinforcing its strong project execution track record.
The shares of this Indian Road Infrastructure Company engaged in the business of Engineering, Procurement and Construction (EPC) Services, maintenance of roads, bridges, flyovers and other infrastructure contract works are in the spotlight after it rose 10 percent in today’s session following receiving a provisional completion certificate.
With a market capitalisation of Rs. 3,719 cr, the shares of H.G. Infra Engineering Ltd were trading at Rs. 570.80 per share, surging 10% in today’s market session, making a high of Rs. 602, up from its previous close of Rs. 548.80 per share.
What’s the News
H.G. Infra Engineering Ltd has announced that it has received a Provisional Completion Certificate (PCC) for its Rs. 4,970.99 crore package of the Ganga Expressway project in Uttar Pradesh. The certificate was issued by Adani Road Transport Ltd and received by the company on June 5, 2026, confirming that the project is fit for the commencement of commercial operations.
The project involved the execution of civil and associated works on an EPC basis for Group II of the Ganga Expressway, covering a 151.7-km stretch between Budaun and Hardoi districts. The expressway is being developed as a six-lane access-controlled greenfield corridor, with provisions for future expansion to eight lanes, connecting Meerut and Prayagraj in Uttar Pradesh.
The contract was awarded on November 3, 2022, with an execution period of 820 days from the appointed date. The project achieved provisional completion on April 30, 2026, marking a significant milestone for H.G. Infra. The receipt of the PCC enables the project to begin commercial operations and reflects the company’s strong execution capabilities in large-scale infrastructure projects.
For investors, the development is positive as the successful completion of a nearly Rs. 5,000 crore project enhances H.G. Infra’s project delivery track record, supports revenue recognition, and strengthens its position for securing future infrastructure contracts. The company also clarified that the contract is a domestic EPC project and does not involve any related-party transactions.
H.G. Infra Engineering Ltd is one of India’s leading infrastructure construction companies, primarily engaged in the development of highways, roads, bridges, flyovers, railways, metro projects, and other civil engineering works. Headquartered in Jaipur, Rajasthan, the company executes large EPC (Engineering, Procurement and Construction) and HAM (Hybrid Annuity Model) projects for central and state government agencies.
It reported mixed financial performance in Q4FY26. Revenue grew 5% YoY to Rs. 1,427 crore from Rs. 1,361 crore in Q4FY25, reflecting steady business execution. However, profitability weakened, with EBITDA declining 1% to Rs. 237 crore and net profit falling sharply by 42% to Rs. 84.6 crore from Rs. 147 crore a year earlier. EPS also dropped to Rs. 13.06 from Rs. 22.55.
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