Synopsis:
H.G. Infra Engineering’s subsidiary has received the appointed date of August 19, 2025, for a ₹781.11 crore road upgrade project on NH-47 in Gujarat. The project will upgrade the existing 10.63 km stretch of 6-lane road with an elevated corridor, over 30 months.

The shares of an Infrastructure company specializing in the business of providing Engineering, Procurement, and Construction (EPC) Services jumped up to 3 percent upon receiving a work order from the National Highway Division, R&B Department, Ahmedabad, for a key road project in Gujarat.

With a market capitalization of Rs. 6,487.78 crores on Friday, the shares of H.G. Infra Engineering Limited rose upto 3 percent, making a high of Rs. 1037.95 per share compared to its previous closing price of Rs. 1005.35 per share.

H.G. Infra Engineering Ltd. (HGINFRA), engaged in the business of providing Engineering, Procurement, and Construction (EPC) Services, has announced that its wholly owned subsidiary, H.G. Narol Sarkhej Highway Private Limited, has received the appointed date, August 19, 2025, from the National Highway Division, R&B Department, Ahmedabad, for a key road project in Gujarat. 

The project involves upgrading a 10.63 km stretch of NH-47 (from Narol Junction to Sarkhej Junction) of the existing 6-lane road with an elevated corridor, under the Hybrid Annuity Model. The total project cost is Rs. 781.11 crore, with a construction period of 30 months.

Financials & Others

The company’s revenue declined by 3.08 percent from Rs. 1,531.79 crores to Rs. 1,484.54 crores in Q1FY25-26. Meanwhile, Net profit declined from Rs. 162.57 crores to Rs. 98.82 crores in the same period.

The company has a Price-to-Earnings (P/E) ratio of 15.0, which is lower than the industry average of 22.3, indicating it may be relatively undervalued, and has delivered a solid Return on Capital Employed (ROCE) of 16.8% and Return on Equity (ROE) of 18.3%.

H.G. Infra Engineering Ltd (HG Infra) is a leading Indian infrastructure company, primarily engaged in the construction of highways, roads, and bridges. HG Infra started as a private limited company before becoming public in 2017. Over the years, the company has diversified its service offerings to include metro rail, railways, land development, and water pipeline projects, in addition to its core focus on road construction through Engineering, Procurement, and Construction (EPC) services.

They operate across 13 Indian states, leveraging a modern fleet of equipment to manage over 3,000 active projects. With a team of more than 5,300 employees and over 22 years of project execution experience, the company boasts an impressive order book value of ₹1,46,563 million as of June 2025.

The company has a strong presence in 13 states across India, with its operations distributed regionally as follows: 52% in the West, 21% in the East, 18% in the North, and 9% in the South.

HG Infra is actively working on key sectors in India, including Roads & Highways, Railways & Metro, Solar, Battery Energy Storage Systems (BESS), and Transmission & Distribution. With a diversified portfolio, the company is focused on driving growth through innovation and sustainable development across these core segments.

Written by Sridhar J 

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