HG Infra Engineering Secures Rs 15.82 Billion NHAI Contract

06 Mar 2026 CW Team

HG Infra Engineering has secured a Rs 1,582 crore contract from the National Highways Authority of India for works on the Odisha Capital Region Ring Road. The value of the contract is equivalent to Rs 15.82 billion (bn). The award was granted by NHAI and is expected to add materially to the company order book. The contract complements the company existing portfolio of road projects and is expected to be integrated into its current delivery schedules.

The project forms part of regional infrastructure plans to enhance connectivity to the state capital area and facilitate movement of goods and people. The contract award aligns with government emphasis on highways and ring roads to reduce congestion and support economic activity. Implementation timelines and detailed scope were not disclosed in the announcement. Local connectivity improvements are anticipated to support regional commerce and ease passenger travel around the state capital.

The announcement is expected to strengthen the company position in Odisha and contribute to a visible pipeline of work for the coming months. The contract is likely to be incorporated into the order book and may support revenue recognition in subsequent financial periods. The company will proceed with project mobilization and coordination with relevant authorities following formal contract execution. Procurement of materials and engagement of subcontractors will proceed in line with contractual requirements and regulatory norms.

The award underscores the ongoing demand for road infrastructure and the role of ring roads in urban decongestion strategies. Investors and sector participants may view the contract as positive for the company medium term prospects. Further updates will be released as the project advances and milestones are achieved. Contract management will follow safety and quality standards to meet project milestones and regulatory obligations across construction phases.

Resources

06 Mar 2026

Deepak Halder Appointed CEO Of Sarvottam India

Sarvottam India has appointed Deepak Halder as its Chief Executive Officer. With over 23 years of professional experience, including nearly two decades in the real estate sector, Halder brings extensive leadership and strategic expertise to the organisation. Halder began his career in real estate in 2007 and has held senior leadership roles with developers such as Bestech Group, Paras Buildtech, Hero Realty, ATS Infrastructure and Rajdarbar Group. During his career, he has been involved in strategic expansion, brand positioning, major project launches and revenue growth across residential and..

India Drives APAC Office Leasing Growth in 2025: Colliers

Office demand across Asia Pacific’s 11 major markets reached 9.8 million sq m (105.5 million sq ft) in 2025, marking an 11 per cent year-on-year increase, according to Colliers’ Asia Pacific Office Market Insights February 2026 report. India, Mainland China and Japan accounted for over 90 per cent of the region’s total demand during the year, with India emerging as the dominant leasing market.India alone contributed nearly 68 per cent of total office leasing across the region and accounted for 55 per cent of new office supply among the top 11 APAC markets in 2025. The report highlights t..

Ramky Infra Wins Rs 14.01 Billion Dighi Port Project

Ramky Infrastructure has secured an EPC contract worth Rs 14.01 billion from Maharashtra Industrial Township Limited (MITL) for infrastructure development works at the Dighi Port Industrial Area (DPIA) Phase 1 under the Delhi Mumbai Industrial Corridor (DMIC). The contract value includes GST and revenues from operations and maintenance (O&M).The project will be executed within 930 days from the appointed date, followed by a four-year O&M period starting from the commercial operation date (COD), with the possibility of extension through mutual agreement.MITL is a special purpose vehicle..