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.
Also Read: HG Infra Engineering Q1 Results | Net profit declines 39% as margins decrease
The project is estimated to cost ₹763.11 crore and will be carried out under the Hybrid Annuity Mode (HAM). The duration for construction is set at two years, with January 16, 2026, identified as the official start date. The company has confirmed that the project award and execution are typical for its business operations.
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.
Also Read: HG Infra Q4 profit drops 22.6% YoY, announces ₹2 final dividend
