H.G. Infra Engineering Limited, a leading infrastructure construction company, has announced the receipt of provisional certificates for two major highway construction projects in Telangana. These certificates confirm that the projects have been declared fit for commercial operation as of March 28, 2025. The announcement was made on May 23, 2025, pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The projects are being executed by the company’s wholly owned subsidiaries, H.G. Khammam-Devarapalle PKG-1 Private Limited and H.G. Khammam-Devarapalle PKG-2 Private Limited. Both projects are part of the prestigious Bharatmala Pariyojana, which aims to improve national highway connectivity across India.

Project Details

1. Package-2 Project

• Contract awarded by the National Highway Authority of India (NHAI)

• Construction of a 4-lane access-controlled new greenfield highway section of 29.513 km from Somavaram village to Chintagudem village (design chainage km 33+604 to km 63+117)

• The project is under the Inter Corridor Route on Hybrid Annuity Mode in Telangana

• Original bid cost: ₹637.11 crore

• Original scheduled completion date: September 13, 2022

• Revised completion date: March 31, 2025

• Provisional certificate issued for commercial operation dated March 28, 2025

2. Package-1 Project

• Contract awarded by the National Highway Authority of India (NHAI)

• Construction of a 4-lane access-controlled new greenfield highway section of 33.604 km from Thallampadu village to Somavaram village (design chainage km 0+000 to km 33+604)

• Also part of the Inter Corridor Route under Bharatmala Pariyojana on Hybrid Annuity mode

• Original bid cost: ₹772.11 crore

• Original scheduled completion date: October 31, 2022

• Revised completion date: March 31, 2025

• Provisional certificate issued for commercial operation dated March 28, 2025

Significance of the Projects

These two highway projects are critical links in Telangana’s road network, enhancing connectivity on National Highway 365BG and facilitating smoother transit for passenger and freight traffic. The projects form part of the Inter Corridor Route, a strategic segment of the Bharatmala Pariyojana aimed at boosting economic growth through infrastructure.

Being implemented on the Hybrid Annuity Model (HAM), the projects involve a combination of government funding and private sector participation, ensuring efficient execution and maintenance. The receipt of provisional certificates from the Independent Engineer confirms the projects’ technical and safety standards are met, enabling the company to start earning revenue from toll collections and annuities.

Corporate Compliance and Transparency

H.G. Infra Engineering Limited has maintained full compliance with regulatory disclosure norms. The announcement includes confirmation that:

• The contracts were awarded by a domestic government entity - National Highway Authority of India

• The orders are domestic in nature under the Hybrid Annuity Model (HAM)

• There are no promoter or related party interests in the entities awarding the contracts

• The orders are not related party transactions

These disclosures ensure transparency for investors and stakeholders.

Company Outlook

The successful commissioning of these projects strengthens H.G. Infra’s portfolio in road infrastructure, which is a major revenue driver for the company. With a combined project value of approximately ₹1409 crore, these projects reinforce H.G. Infra’s leadership in executing large-scale highway projects in India.

The company’s expertise in delivering complex infrastructure on time and to required specifications positions it well for future projects under government schemes such as Bharatmala Pariyojana and other public-private partnership models.

About H.G. Infra Engineering Limited

H.G. Infra Engineering Limited is a listed infrastructure company specializing in road construction, highway development, and allied civil engineering works. With a strong presence across multiple states, the company focuses on delivering projects using advanced engineering techniques and maintaining compliance with stringent quality standards.

The company’s subsidiaries manage specific packages under large highway projects, ensuring focused execution and operational efficiency.

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