HG Infra Emerges L1 Bidder For Rs 15,820 Million NHAI Project

28 Feb 2026 CW Team

HG Infra emerged as L1 bidder for a National Highways Authority of India project valued at Rs 15,820 million (mn). Shares rose in early trade on reports of the development. The report was first published on 25 February 2026 and was picked up by market participants. The project falls under the authority's ongoing programme to develop national highways across regions.

Emerging as L1 indicates the firm submitted the lowest bid and stands to be awarded the contract subject to final evaluation and approvals by the authority. The project award would add to HG Infrastructure Projects Limited's order book and support its construction pipeline. Industry observers said winning road contracts tends to bolster revenue visibility for infrastructure companies. Recognition as preferred bidder can pave the way for contract mobilisation and staged revenue recognition during construction.

The stock recorded gains amid a broadly positive market mood, with early trading reflecting investor interest in companies that secure new orders. Broader market indicators opened higher and market breadth was reported as strong, reinforcing cyclical buying in the sector. Market participants added that contract awards can prompt re-rating once execution timelines are clarified. Sector investors typically re-evaluate exposure to contractors when the pipeline of awarded work improves.

Formal award will follow completion of tender formalities and statutory checks, after which the company will commence mobilising resources for execution. Investors will watch for confirmation of the order and project timelines to assess the likely impact on future earnings and cash flows. The stock's trajectory will remain linked to clarity on contract scope, mobilisation progress and timely execution. Analysts will closely track official announcements for timelines, execution plans and any financing arrangements.

Infrastructure Urban

20 Mar 2026

Lemon Tree Hotels Signs Resort In Lonavala Maharashtra

Lemon Tree Hotels Limited (LTHL) has signed a licence agreement for Lemon Tree Resort in Lonavala, Maharashtra, with the asset to be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of LTHL. The resort will offer 50 well appointed rooms and will include a restaurant, banquet, meeting room, swimming pool, spa and fitness centre. The company described the addition as part of its strategy to expand branded resort offerings in key getaway destinations. Lonavala, located in the Sahyadri hills, is a popular leisure destination in western India known for scenic landscapes and a ..

Kalai Chettinad Art And Architecture Festival At The Lotus Palace

The Lotus Palace Chettinad will host Kalai, the Chettinad Art and Architecture Festival, a four-day, three-night immersive celebration of the artistic legacy of Chettinad from three to six April 2026. The event has been organised by Apeejay Surrendra Park Hotels Limited (ASPHL) and will take place across restored heritage properties in Chettinad. It will be designed to offer guests a layered experience of place, structure and story that connects art, architecture and living traditions. The festival aims to present a confluence of global influences and local aesthetics. Kalai has been curated i..

SJVN Reaches One bn Units At 1,000 MW Bikaner Solar Project

SJVN Limited (SJVN) has reached a milestone with its 1,000 megawatt (MW) Bikaner Solar Power Project by generating one bn units of electricity on 20 March 2026. The achievement underscores the company's role in supplying clean and sustainable energy to the national grid. The generation milestone was recorded within months of the project commencing operations and highlights rapid performance from the new facility. The Bikaner project, located in Bikaner district of Rajasthan, has been developed and implemented by SJVN Green Energy Limited (SGEL) under the Central Public Sector Undertaking Schem..