H.G. Infra Achieves Financial Closure For ₹1,582 Crore Highway Project; Shares Fall 1.47%

Mumbai, September 29: H.G. Infra Engineering Limited said its wholly owned subsidiary, H.G. Gobindpur Tang i Highway Private Limited, has achieved financial closure for a ₹1,582.11 crore highway project in Odisha.

According to the exchange filing, H.G. Infra Engineering has received a Letter of Financial Close from the National Highways Authority of India (NHAI) for the project.

The financial closure relates to the construction of a new six-lane access-controlled Capital Region Ring Road Package-III from Gobindpur to Tang i near Bandola Toll Plaza on the NH-16 in Odisha.

The project will cover a 40.33-kilometre stretch from the NH-16 junction to the existing NH-16 near the Chhenapada area. It is being developed under the Hybrid Annuity Mode (HAM).

Stock Market Snapshot

The H.G. Infra Engineering share price stood at ₹438.00 as of 10:54:21 AM IST on September 29, 2026, according to the market data provided.

The stock was down ₹6.55, or 1.47%, at the time. Shares had opened around ₹440 and moved lower during the morning session before recovering partially from the day’s low.

The share price movement came as the company disclosed the financial closure achieved by its subsidiary for the Odisha road project.

Project To Be Built Over 910 Days

The ₹1,582.11 crore project has a construction period of 910 days. The project is being executed under the Hybrid Annuity Mode, a model commonly used for large highway projects in which the project developer and the government share different parts of the project financing and implementation responsibilities.

The financial close for the project was recorded on September 16, 2026. H.G. Infra Engineering received the related communication from NHAI through a letter dated September 28, 2026.

The subsidiary is responsible for the project, while H.G. Infra Engineering has disclosed the development to the stock exchanges under the applicable SEBI regulations.

H.G. Infra Engineering’s Road Portfolio

The financial closure adds another milestone to H.G. Infra Engineering’s highway development portfolio, particularly in the road construction and HAM segment.

The Odisha project involves a major access-controlled road corridor and is part of the broader road infrastructure development in the state. With financial closure now achieved, the project can move forward within the contractual framework and construction schedule.

Conclusion

H.G. Infra Engineering’s wholly owned subsidiary has achieved financial closure for the ₹1,582.11 crore six-lane Capital Region Ring Road Package-III project in Odisha.

The project spans 40.33 kilometres and has a construction period of 910 days under the Hybrid Annuity Mode. The H.G. Infra Engineering share price stood at ₹438.00 as of 10:54:21 AM IST on September 29, 2026, down ₹6.55 or 1.47%.

Source:

• https://www.nseindia.com/get-quote/equity/HGINFRA/H.G.-Infra-Engineering-Limited
• https://nsearchives.nseindia.com/corporate/HGINFRA_29092026104202_FinalIntimation.pdf