HG Infra Q2 Profit Falls 35% as Margins Weaken, Revenue Flat

14 Nov 2025 CW Team

HG Infra Engineering reported a 35.4 per cent year-on-year drop in net profit to Rs 521 million for the quarter ended September 2025, compared with Rs 807 million in the same period last year. Revenue remained stable at Rs 9.04. billion, showing a marginal rise of 0.2 per cent.

EBITDA declined 5.9 per cent to Rs 2.06 billion, while margins fell to 22.8 per cent from 24.3 per cent, reflecting cost pressures during the quarter.

In a key development, the company’s wholly owned subsidiary, HG Varanasi-Kolkata PKG-13 Pvt, recently received the appointed date from the National Highways Authority of India for its highway project in Jharkhand. The project involves constructing a six-lane greenfield stretch of the Varanasi–Ranchi–Kolkata Highway, spanning 28.7 km between Lepo village and Kamlapur village on the Jharkhand–West Bengal border. Valued at Rs 9.25 billion, it has been awarded under the hybrid annuity mode and comes with a completion period of 730 days.

Part of the Bharatmala Pariyojana, the project is expected to strengthen connectivity and spur economic development across eastern India.

Shares of HG Infra Engineering closed 1.57 per cent higher at Rs 906.75 on the NSE on 12 November.

Infrastructure Transport

14 Nov 2025

Noida International Airport Nears Launch, Says Tata Projects

Tata Projects has announced that the upcoming Noida International Airport at Jewar, Uttar Pradesh, is close to becoming operational, with final regulatory clearances currently in progress. The company, which is executing the airport’s construction, confirmed that key approvals from the Directorate General of Civil Aviation (DGCA) — including safety and security checks and the aerodrome licence — are now underway. “At this stage, it is more about regulatory approvals than construction. By and large, our work is ready for the Prime Minister to inaugurate,” said Vinayak Pai, CEO and M..

Odisha, AAI Sign MoU to Build New Jharsuguda Airport

The Odisha government has signed a memorandum of understanding (MoU) with the Airports Authority of India (AAI) to develop a full-fledged airport at Jharsuguda in western Odisha, with an estimated investment of Rs 2.1 billion. At present, the Jharsuguda facility handles only a limited number of chartered flights. The proposed expansion will transform it into a major aviation hub, significantly strengthening regional air connectivity. As part of the agreement, the state government will provide Rs 750 million towards the project and allocate 296.5 acres of land — including 118.7 acres to be h..

Adani Cement to Deploy World’s First Commercial RDH System

Adani Cement and Coolbrook have announced a landmark agreement to install the world’s first commercial RotoDynamic Heater (RDH) system at Adani’s Boyareddypalli Integrated Cement Plant in Andhra Pradesh. The initiative aims to sharply reduce carbon emissions associated with cement production.This marks the first industrial-scale deployment of Coolbrook’s RDH technology, which will decarbonise the calcination phase — the most fossil fuel-intensive stage of cement manufacturing. The RDH system will generate clean, electrified heat to dry and improve the efficiency of alternative fuels, r..