H.G. Infra Engineering Limited (HGINFRA) has been declared the Lowest Bidder (L-1) by the National Highways Authority of India (NHAI) for a significant road construction project in the state of Odisha. The Hybrid Annuity Mode (HAM) project, valued at an estimated bid cost of Rs. 1,582.11 Crore, involves the construction of a new six-lane access-controlled road, with a stipulated completion period of 910 days. The company formally announced on February 24, 2026, that it has been designated as the L-1 bidder for this critical infrastructure development project.
The awarded contract pertains to the construction of a new six-lane access-controlled Capital Region Ring Road Package-III in Odisha. The alignment runs from Gobindpur (NH-55) to Tangi near Bandola Toll Plaza (NH-16), covering the stretch from Design Ch. Km. 70+995 to Km. 111+325. The project has a total length of 40.33 km and will be executed under the Hybrid Annuity Mode (HAM). As per the details, the NHAI estimated project cost stands at Rs. 1,827.33 Crore, while HGINFRA’s bid project cost is Rs. 1,582.11 Crore, excluding taxes. The execution period for the project is 910 days.
According to the regulatory disclosures, the contract has been awarded by a domestic entity, the National Highways Authority of India, and falls under the Hybrid Annuity Mode (HAM). The documentation in Annexure A further confirms that the transaction does not involve related party transactions, and any potential related interests are marked as not applicable.
This development informs stakeholders of HGINFRA’s successful emergence as the L-1 bidder for the project through a competitive bidding process, reinforcing the company’s project pipeline and execution capabilities in the infrastructure sector.
