H.G. Infra Engineering Limited (HG Infra), a prominent infrastructure development company in India, today, in its exchange filing, said that,

The Company has received an Order from Anuppur Thermal Energy (MP) Private Limited in the state of Madhya Pradesh, India, on March 10, 2026. Source – BSE.

Order Details

The order is for the execution of civil work, including earthwork, bridges, & station buildings, as well as P-way works, for the development of Railway Infrastructure at the 2×800 MW Thermal Power Project in Anuppur, Madhya Pradesh.

H.G. Infra Engineering Secures an Order from Anuppur Thermal Energy

Order Value

The total estimated cost of the newly received order is ₹401 Crores (Rupees Four Hundred One Crores Only), including GST.

Duration

The order is to be executed over a period of 18 months from the date of the Purchase Order, a company spokesperson added.

Check hginfra share news for further details.

Previous Order

On February 28, 2026, HGINFRA received an LOA from the National Highways Authority of India (NHAI) for ₹1,582 Crore.

The company’s market capitalization is ₹3,200 Cr.

The stock is currently trading below its Short-term (20-day) and long-term (200-day) simple moving averages.

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much time and effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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H.G. Infra Engineering Limited (the “Company” or “HGINFRA”), an Indian road infrastructure company engaged in the business of EPC Services, Maintenance of bridges, flyovers, roads, and other infrastructure contract works, in its exchange filing said that,

The Company received a Letter of Award (LOA) on February 27, 2026, from the National Highways Authority of India (NHAI) for the construction of a six-lane road in Odisha, India. Source: BSE

ALSO READ – Kirloskar Brothers Limited Secures Order from Adani Power

Project Details

This is a project for the construction of a new six-lane access-controlled Capital Region Ring Road, Package III, from Gobindpur (NH-55) to Tangi near Bandola Toll Plaza (NH-16), with a total length of 40.33 km.

The project starts from the Design Ch. Km. 70+995 to Km. 111+325 in the State of Odisha, India, under NH(O) on Hybrid Annuity Mode (HAM) with an estimated project cost of ₹1,827.33 crore.

Project Value

The total estimated cost of the newly received project is ₹1,582 Crores (Rupees One Thousand Five Hundred Eighty-Two Crores Only), GST will be applicable.

Duration

The project is to be executed over a period of 910 days from the date of the Purchase Order, according to a company spokesperson.

Refer to hginfra share news for detailed information.

The company’s market capitalization is ₹3,500 Cr.

The stock is currently trading below its 20-day, 50-day, 100-day, and 200-day simple moving averages.

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much time and effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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H.G. Infra Engineering – Company Profile

• Incorporated in the year 2003, H.G. Infra Engineering Ltd (HGIEL) is Jaipur, Rajasthan based an infrastructure construction, development and management company.
• The Company focus area is road projects, including highways, bridges and flyovers.
• The Company’s main business operations include providing engineering, procurement and construction (EPC) services on a fixed-sum turnkey basis and undertaking civil construction and related infrastructure projects.
• HGIEL is also engaged in executing water pipeline projects and are currently have two water supply projects in Rajasthan.

Client List

The Company’s major clients in Public sector include National Highways Authority of India (NHAI), MORTH, Public Works Department of Rajasthan (PWD), Military Engineering Services (MES), Jaipur Development Authority (JDA), and the client in private sector is IRB-MRM.

Completed Projects

During the last 5 years, the company has completed 13 projects in the roads and highways sector aggregating to a total contract value of INR 16,74.89 Cr, which included construction, improving, widening, strengthening of two and four lane highways, construction of high level bridge and construction of earthen embankment, culverts and cart track underpasses.

Ongoing Projects

As on 30 September 2017, the company has 21 ongoing projects in the roads and highways sector.

Company Promoters

Mr. Harendra Singh

• Profile: Aged 50 years, is the Chairman and Managing Director of our Company. He holds a bachelor’s degree in engineering (civil) from Jodhpur University. He has been on the Board since the incorporation of our Company, and was reappointed for a period of five years with effect from May 15, 2017.
• Experience: He has 23 years of experience in the construction industry. He has been awarded by the Indian Achievers Forum for his outstanding achievement in business and social service, on August, 5 2016 and on November 11, 2016.

Mr. Vijendra Singh

• Profile: Aged 52 years, is a Whole-time Director of our Company. He has been on the Board since the incorporation of our Company, and was reappointed for a period of five years with effect from May 15, 2017.
• Experience: He has 23 years of experience in the construction industry. He is responsible for the overall functioning of our Company.

Mr. Girish Pal Singh

• Profile: Aged 57 years, is a Non-Executive Director of our Company. He has been on the Board since the incorporation of our Company.
• Experience: He has 23 years of experience in the construction industry.

IPO Opening / Closing Date

IPO Details – Price, Minimum Bid and Other

H.G. Infra – Financial Performance

Revenues

H.G. Infra Engineering shows steady revenue growth in recent years. Top-line has been increasing regularly for the last 5 years and jumped from INR 325 Cr in FY 2013 to INR 974 Cr for the period ended FY 2017.

Profits

Though the company has shown steady growth in revenue, the company fails to register growth in profits in these 5 years. Starting from INR 13 Cr of profits in FY 2013, the company’s earnings stood at INR 49 Cr for the period ended FY 2017.

CONCLUSION –
Considering company’s valuation, financial parameters, and the sector potential in which it is operating, FinBlab recommends SUBSCRIBE ratings on H.G. Infra Engineering IPO, keeping a long-term view in mind.

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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