HG Infra Bags Rs 5,193.3 mn Order From Mirzapur Thermal Energy

17 Apr 2026 CW Team

The works will require coordination of site earthworks, structural elements and rail alignment activities and will be delivered under EPC contracting practice. The arrangement does not constitute a related party transaction and the company will execute the work as a third party contractor. HGIEL expects to deploy its existing resources and subcontractors to meet the project schedule. No additional ownership links have been disclosed.

H.G. Infra Engineering is an Indian road infrastructure company providing engineering, procurement and construction services and maintenance of roads, bridges, flyovers and other infrastructure works. On a consolidated basis the company reported a net profit decline of 18.1 per cent to Rs 942.8 mn in the third quarter of the 2026 financial year while revenue from operations rose 12.4 per cent to Rs 14,211.6 mn compared with the prior year quarter. The firm said the order will strengthen its execution pipeline and revenue visibility over the contract term. The project is presented as consistent with the company's operational capabilities.

Shares of H.G. Infra Engineering rose one point five nine per cent to settle at Rs 553.90 on 13 April 2026 after the announcement. The contract reinforces the company's presence in the thermal power and rail infrastructure segments and supports its near term order book. Management will progress mobilisation and detailed planning to align resources with the 18 month schedule. The award is a non-related party commercial engagement on standard contractual terms.

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H.G. Infra Engineering (HGIEL) has secured an order worth Rs 5,193.3 mn from Mirzapur Thermal Energy to execute civil and railway infrastructure works at its two by 800 megawatt (MW) thermal power project in Mirzapur, Uttar Pradesh. The scope includes civil construction such as earthwork, bridges and station buildings and permanent way works for railway development. The contract is on an item rate and bill of quantities basis and is to be executed within 18 months. The award has been made by a domestic entity and the promoter group has no interest in that party. The works will require coordination of site earthworks, structural elements and rail alignment activities and will be delivered under EPC contracting practice. The arrangement does not constitute a related party transaction and the company will execute the work as a third party contractor. HGIEL expects to deploy its existing resources and subcontractors to meet the project schedule. No additional ownership links have been disclosed. H.G. Infra Engineering is an Indian road infrastructure company providing engineering, procurement and construction services and maintenance of roads, bridges, flyovers and other infrastructure works. On a consolidated basis the company reported a net profit decline of 18.1 per cent to Rs 942.8 mn in the third quarter of the 2026 financial year while revenue from operations rose 12.4 per cent to Rs 14,211.6 mn compared with the prior year quarter. The firm said the order will strengthen its execution pipeline and revenue visibility over the contract term. The project is presented as consistent with the company's operational capabilities. Shares of H.G. Infra Engineering rose one point five nine per cent to settle at Rs 553.90 on 13 April 2026 after the announcement. The contract reinforces the company's presence in the thermal power and rail infrastructure segments and supports its near term order book. Management will progress mobilisation and detailed planning to align resources with the 18 month schedule. The award is a non-related party commercial engagement on standard contractual terms.

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