H G Infra Secures ₹716 Cr Railway Project

13 Sep 2024 , 10:48 AM

On September 12, H G Infra Engineering Ltd. announced that Central Railway has confirmed the appointed date for its new broad gauge line project between Dhule (Borvihir) and Nardana in Maharashtra. The project covers approximately 49.45 km and is valued at ₹716.11 Crore.

The project will be executed under the engineering, procurement, and construction (EPC) mode, with the appointed date set for September 4, 2024. The construction is expected to be completed within 30 months.

Last week, H G Infra Engineering secured a ₹781.11-Crore contract from the Ministry of Road Transport & Highways (MoRTH) to upgrade NH 47. This project involves enhancing a six-lane road, including an elevated corridor, from Narol junction to Sarkhej junction along National Highway 47 in Gujarat.

The NH 47 project, valued at ₹781.11 Crore, will be executed under the hybrid annuity mode (HAM) and spans 10.630 km, with a construction timeline of 2.5 years.

For the June quarter, H G Infra Engineering reported an 18% year-on-year increase in both net profit and revenue, with net profit rising to ₹140 Crore and revenue reaching ₹1,506 Crore. The company has also raised its full-year revenue guidance to 17-18%.

H G Infra Engineering, based in Rajasthan, specializes in infrastructure construction services, including highways, roads, bridges, runways, and civil construction, as well as land development and water pipeline projects.