HG Infra emerges as lowest bidder for HAM project worth Rs 764 crore

25 Mar 2023 CW Team

HG Infra, a construction engineering firm, announced on Wednesday that it had been declared the lowest bidder for a project worth Rs 764 crore by the National Highways Authority of India (NHAI) for Hybrid Annuity Mode Project. (HAM).

The company disclosed in its stock exchange filing that the bid project cost was Rs 925.1 crore, while the NHAI estimated the project cost to be Rs 764 crore. The bid is for the development of a six-lane Greenfield Varanasi-Ranchi-Kolkata highway. HG Infra intends to complete the project in 730 days.

On March 21, the North Central Railway in Kanpur declared the construction engineering firm as the lowest bidder for a project worth Rs 677.3 crore. HG Infra had previously been declared the lowest bidder for an NHAI project worth Rs 998.36 crore.

HG Infra's shares closed 0.6 percent higher at Rs 773.8.

Also Read
Power Finance Corporation to receive Rs 165 cr loan from Japan's JBIC
PM GatiShakti's NPG recommends six infrastructure projects

Infrastructure Urban

15 Oct 2025

IGBC Net Zero Project Office Inaugurated in Amaravati

The Indian Green Building Council (IGBC) marked a landmark event as Shri N. Chandrababu Naidu, Hon’ble Chief Minister of Andhra Pradesh, inaugurated the Andhra Pradesh Capital Region Development Authority’s (APCRDA) new Project Office in Amaravati on 13 October 2025. The ceremony was attended by Shri Chandra Sekhar Pemmasani, Union Minister of State for Communications & Rural Development; Shri Ponguru Narayana, Minister of Municipal Administration and Urban Development, Government of Andhra Pradesh; Shri S. Suresh Kumar, IAS, Principal Secretary, MA & UD; Mr. C Shekar Reddy, National Vice-..

Ingersoll Rand Opens New Rs 1.7 Billion Facility in Gujarat

Ingersoll Rand (India) Limited, a wholly owned subsidiary of Ingersoll Rand Inc. (NYSE: IR), has inaugurated its state-of-the-art manufacturing facility in Sanand, Gujarat, marking one of its most significant investments in India worth Rs 1.7 billion (?USD 20 million). The new facility reinforces the company’s commitment to innovation, sustainability, and regional growth. In its first phase, the site will produce over 24,000 units annually, with additional phased investments planned. Scheduled to begin production by Q4 FY2025, the Sanand facility will expand Ingersoll Rand’s total capacit..

JSW Cement Commissions New 1 MTPA Grinding Unit in Sambalpur, Odisha

JSW Cement, part of the US$23 billion JSW Group, has commissioned a new cement grinding unit at Sambalpur, Odisha, through its majority-owned subsidiary Shiva Cement. The facility, with a capacity of 1.0 MTPA, is strategically positioned to serve the growing demand in eastern India, raising JSW Cement’s total installed grinding capacity to 21.6 MTPA across its operations. Nilesh Narwekar, CEO, JSW Cement, said, “Odisha is emerging as a key hub for industrial and infrastructure growth in eastern India. This new state-of-the-art facility is a strategic initiative to consolidate and expand o..