HG Infra’s subsidiary receives scheduled date for ₹763 crore NH 227B highway project in Uttar Pradesh.

On Friday (January 16), HG Infra Engineering Ltd announced that its wholly owned subsidiary, HG Bahuvan Jagarnathpur Highway Private Ltd, has received the official start date for its National Highway project in Uttar Pradesh. This date was declared by the Superintending Engineer of the National Highways Circle, PWD Lucknow.

The project entails the enhancement and upgrading of a two-lane highway with paved shoulders on the newly designated NH 227B, spanning the Bahuvan Madar Majha to Jagarnathpur stretch as part of the “84 Kosi Parikrama Marg” in Uttar Pradesh.

Second Quarter Results

HG Infra Engineering reported a 35.4% drop in net profit year-on-year, amounting to ₹52.1 crore for the quarter ending September 2025, down from ₹80.7 crore during the same period last year. The company’s revenue from operations remained relatively stable, rising by 0.2% to ₹904.5 crore compared to ₹902.4 crore in Q2FY25.

Nonetheless, EBITDA fell by 5.9% YoY to ₹206.2 crore from ₹219.1 crore, with margins contracting to 22.8% from 24.3%, reflecting ongoing cost pressures. Shares of HG Infra Engineering Ltd closed at ₹684.40, a decrease of ₹10.90, or 1.57%, on the BSE.