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The project will be executed under the Hybrid Annuity Mode. While the estimated project cost is Rs 1,827.33 crore, HGINFRA's bid project cost stands at Rs 1,582.11 crore, excluding applicable GST. The construction period for the project is 910 days.
HGINFRA is an infrastructure development company. The company specialises in executing end-to-end Engineering, Procurement, and Construction (EPC) services and Hybrid Annuity Model (HAM) projects across transport infrastructure, renewable energy, and Battery Energy Storage Systems (BESS) including Transmission.
On a consolidated basis, the company's net profit fell 18.1% to Rs 94.28 crore on a 12.4% rise in revenue from operations to Rs 1,421.16 crore in Q3 FY26 over Q3 FY25.
Shares of H.G. Infra Engineering fell 2.8% to settle at Rs 541.85 on Friday, 27 February 2026.
The project involves construction from Gobindpur (NH-55) to Tangi near Bandola Toll Plaza (NH-16), covering a length of 40.33 km in Odisha under NH(O).
The estimated project cost is Rs 1,827.33 crore, while HG Infra’s bid stands at Rs 1,582.11 crore, excluding applicable GST. The project is to be completed within 910 days. The contract has been awarded by a domestic entity.
The company stated that neither the promoter nor the promoter group has any interest in the awarding authority. It further clarified that the order does not fall under related party transactions.
H.G. Infra Engineering is an Indian road infrastructure company engaged in the business of Engineering, Procurement, and Construction (EPC) services and maintenance of roads, bridges, flyovers, and other infrastructure contract works.
The company reported an 18.1% decline in consolidated net profit to Rs 94.28 crore on a 12.4% rise in revenue from operations to Rs 1,421.16 crore in Q3 FY26 over Q3 FY25.
EBITDA rose 7.6% to Rs 308.78 crore in Q3 FY26 from Rs 286.90 crore in Q3 FY25. EBITDA margin reduced to 21.7% in Q3 FY26 as against 22.7% in Q3 FY25.
The company’s total expenses rose 18.05% YoY to Rs 1,285.61 crore in Q3 FY26. The cost of materials consumed was at Rs 521.55 crore (up 13.39%), employee benefits expense stood at Rs 84.08 crore (down 2.02% YoY), while finance costs stood at Rs 129.18 crore (up 72.54% YoY) during the period under review.
Shares of H.G. Infra Engineering rose 0.30% to Rs 674.35 on the BSE.
Long term fund based cash credit (Rs 700 crore) - ICRA AA-; Positive Long term / short term non fund based bank guarantee (Rs3,800 crore) - ICRA AA-; Positive / ICRA A1+ Non convertible debentures (Rs 400 crore) - ICRA AA-; Positive
Pearl Polymers Ltd, California Software Company Ltd Partly Paidup, Archidply Industries Ltd and N K Industries Ltd are among the other losers in the BSE's 'B' group today, 23 January 2026.
H.G. Infra Engineering Ltd crashed 13.73% to Rs 572.15 at 14:30 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 4.5 lakh shares were traded on the counter so far as against the average daily volumes of 12367 shares in the past one month.
Pearl Polymers Ltd lost 11.39% to Rs 19.69. The stock was the second biggest loser in 'B' group.On the BSE, 15 shares were traded on the counter so far as against the average daily volumes of 1075 shares in the past one month.
California Software Company Ltd Partly Paidup tumbled 11.11% to Rs 4.08. The stock was the third biggest loser in 'B' group.On the BSE, 500 shares were traded on the counter so far as against the average daily volumes of 1629 shares in the past one month.
Archidply Industries Ltd plummeted 10.61% to Rs 80. The stock was the fourth biggest loser in 'B' group.On the BSE, 311 shares were traded on the counter so far as against the average daily volumes of 265 shares in the past one month.
N K Industries Ltd pared 10.00% to Rs 62.91. The stock was the fifth biggest loser in 'B' group.On the BSE, 35 shares were traded on the counter so far as against the average daily volumes of 58 shares in the past one month.
Shares of Kalpataru Projects shed 0.59% to currently trade at Rs 1,222 on the BSE.
The companies bid as a joint venture, with HG Infra holding a 40% share and Kalpataru Projects holding 60%.
The contract entails the design and construction of a 20.527-km elevated metro viaduct between the UG ramp and Balkum Naka, along with the depot approach viaduct and three special spans under the Thane Integral Ring Metro Project.
The estimated project cost is Rs 1,424 crore, while the JV submitted a bid of Rs 1,415 crore, inclusive of all applicable taxes.
The work will be executed on an engineering, procurement and construction (EPC) basis.
Kalpataru Projects International (KPIL) is one of the largest specialized EPC companies engaged in power transmission & distribution, buildings & factories, water supply & irrigation, railways, oil & gas pipelines, urban mobility (flyovers & metro rail), highways and airports.