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.

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.

Infrastructure Urban

16 Jun 2026

Smartworks Leases Over 400 Seats In Mumbai To Japanese NBFC Subsidiary

Smartworks has leased over 400 seats at its Mumbai centre to a subsidiary of a Japanese non-bank finance company in a Rs 350 million (mn) transaction. The company said the agreement covers managed office space designed to support the tenant's India operations and will strengthen its presence in the city. The deal was presented as part of Smartworks' strategy to grow its enterprise client base. The leased seating forms part of a larger workplace solution that combines private offices and flexible seating tailored to financial services clients. Smartworks noted that demand from the banking, fina..

Infrastructure Energy

16 Jun 2026

Aequs SEZ Nears Complete Green Power Adoption

Aequs Infra's Belagavi special economic zone has moved close to complete renewable energy adoption for on-site industrial operations. Energy requirements within the cluster are met through a combination of rooftop solar installations, open access renewable energy procured from third-party providers and green power supplied by the state electricity board. The integrated approach has enabled the campus to sustain operational reliability while advancing environmental objectives. The licensed power distribution network within the campus supports stable energy delivery and creates economic benefits..

Infrastructure Energy

16 Jun 2026

Waaree Secures EPC Order For 300 MW Solar Project

Waaree Renewable Technologies (Waaree) has signed a Letter of Award with its wholly owned subsidiary, Sunsational Power Private (SPPL), to develop a 300 megawatt (MW) and 450 megawatt peak (MWp) ground-mounted solar project. The company will provide engineering, procurement and construction services and two-year operation and maintenance services under the contract. The agreement covers the full EPC scope and a two-year O&M commitment. The scope will include site engineering, procurement of equipment and construction management across the installation. The project is scheduled to be completed ..