Latest news with #HybridAnnuityMode
The Hindu
30-04-2025
- Business
- The Hindu
Survey completed for 4,000 km of rural roads under HAM infrastructure initiative in Telangana
The survey has been completed for approximately 4,000 kilometres of rural roads across nine erstwhile combined districts in Telangana as part of the government's ambitious plan to upgrade and expand road connectivity under the Hybrid Annuity Mode (HAM). It marks a key preparatory step in the HAM programme aimed at improving road links from village panchayats to mandal headquarters, district centres, and ultimately to the State capital. With the Panchayat Raj Engineering Department appointed as the nodal agency for executing the project, Panchayat Raj and Rural Development Minister Dhanasari Anasuya (Seethakka) has been regularly conducting review meetings with officials to initiate the works at the earliest under this new model. The Panchayat Raj and Rural Development Department's Engineer-in-Chief (ENC) will serve as the programme convenor, tasked with overseeing implementation and coordination across the three planned phases of work. Under the HAM project, the State government aims to develop 18,484 kilometres of Panchayat Raj (PR) roads and 12,000 kilometres of Roads and Buildings (R&B) roads. The works will be carried out in three phases — Phase I covering 7,393 km, Phase II covering 5,545.20 km, and Phase III covering 5,545.80 km. To support the project's technical, financial, and legal evaluation, the government has appointed a consortium of AARVEE Associates and LEA Associates to conduct detailed feasibility studies. These consultants will commence district-wide assessments within two days by deploying teams across all districts. Road proposals have been finalised by department officials after obtaining consent from the MLAs in their respective constituencies. According to the implementation schedule, Phase I works are set to begin in January 2026, followed by Phase II in March 2026, and Phase III in June 2026. The HAM model, already in use in several States, involves shared financing, with private contractors required to bear a portion of the project cost and undertake maintenance responsibilities for 15 years, without any government guarantee. Minister Seethakka said she has instructed officials to expedite tendering, finalise agreements, and ensure all preparatory measures are completed in a timely manner. A special officer has been appointed at the Panchayat Raj Engineering Department's headquarters to monitor progress and ensure adherence to deadlines. The funding for the road projects will be finalised once the State Cabinet approves the DPRs being prepared by the consultancies.
Business Standard
29-04-2025
- Business
- Business Standard
H.G. Infra Engg rises after arm receives provisional certificate for Odisha Highway Project
H.G. Infra Engineering added 1.66% to Rs 1,104.20 after the company announced that its wholly owned subsidiary, H.G. Raipur Visakhapatnam OD-5, had received the Provisional Certificate for its highway development project in Odisha. The certificate was issued by the independent engineer on 25 April 2025 and received by the company on 28 April 2025. The project is now declared fit for entry into commercial operations as of 4 January 2025. The project, undertaken by H.G. Raipur Visakhapatnam OD-5, a wholly owned subsidiary of the company, involves the development of a six-lane section of NH-130-CD from Kaliagura to Baunsaguar (Km 249+000 to Km 293+000) under the Raipur-Visakhapatnam Economic Corridor. The work was carried out under the Hybrid Annuity Mode (HAM), with a contract awarded by the National Highways Authority of India (NHAI). Originally scheduled for completion by 29 May 2024, the project saw a revised completion date aligned with the commissioning date of 4 January 2025. The total cost of the project is Rs 1,492.11 crore, and it was executed over a timeline of 730 days. H G Infra Engineering is primarily involved in the construction of roads and highways in Odisha, Telangana, Rajasthan, Delhi, Andhra Pradesh, Haryana, and Uttar Pradesh. HGIEL is accredited AA class by the Public Works Department (PWD) of the Government of Rajasthan (GoR) and is registered as an SS class contractor by the Military Engineer Services (MES). The companys consolidated net profit increased 12.9% to Rs 115.18 crore in Q3 FY25 as compared with Rs 102.05 crore in Q3 FY24. Revenue from operations declined 7.3% YoY to Rs 1,264.84 crore in the December 2024 quarter.
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Business Standard
29-04-2025
- Business
- Business Standard
Here's why this civil construction stock climbed 5% in trade on April 29
H G Infra Engineering share price today: Shares of civil construction company HG Infra Engineering were ruling higher in the bourses on Tuesday, April 29, 2025. The company's share price climbed 5.47 per cent to ₹1,145 during intra-day deals on Tuesday. The upward movement in the HG Infra share price followed the company's announcement that H G Raipur Visakhapatnam OD-5 Private Ltd, a wholly owned subsidiary of the company, has received the provisional certificate for a project worth ₹1,492.11 crore. According to the exchange filing, the project involved the development of a six-lane Kaliagura–Baunsaguar section of NH-130-CD Road from km 249+000 to km 293+000 under the Raipur–Visakhapatnam Economic Corridor in the state of Odisha, on a Hybrid Annuity Mode (Package OD-5). 'The provisional certificate dated April 25, 2025, has been issued by the Independent Engineer and received by the company on April 28, 2025. The project has been declared fit for entry into commercial operation on January 4, 2025,' the company said in an exchange filing on the NSE. About H G Infra Engineering Established in 2003, H G Infra Engineering (HGIEL) is an infrastructure development company. The company has expertise in providing EPC services on a turnkey basis and executing projects under the Hybrid Annuity Model (HAM), excelling in civil construction and related infrastructure projects. H.G. Infra has also diversified into railways, metro, solar power, and water projects. Also Read H G Infra Engineering share price history HG Infra Engineering's share price has declined nearly 27 per cent year-to-date. In contrast, the benchmark Nifty50 has advanced 2.5 per cent during the same period. HG Infra Engineering shares scaled their 52-week high of ₹1,879.90 on the NSE on July 16, 2024, while they slipped to their 52-week low of ₹928.55 on March 3, 2025. At 2:01 PM on Tuesday, the civil construction company's shares were trading around ₹1,102.50 per share, up 1.85 per cent from the previous close of ₹1,085.60 apiece on the NSE. Meanwhile, the benchmark BSE Sensex was trading higher by 172 points or 0.22 per cent at 80,390, and the NSE Nifty at 24,363.95, up 35 points or 0.15 per cent.
Business Upturn
29-04-2025
- Business
- Business Upturn
H.G. Infra Engineering receives provisional completion certificate for Rs 1,492 crore Odisha highway project
By Aditya Bhagchandani Published on April 29, 2025, 13:08 IST H.G. Infra Engineering Ltd. (HGINFRA) on Tuesday announced that its wholly owned subsidiary, H.G. Raipur Visakhapatnam OD-5 Private Limited, has received the provisional completion certificate for a major highway infrastructure project in Odisha. The certificate, issued on April 25, 2025, by the Independent Engineer, was received by the company on April 28. The project has been declared fit for commercial operations from January 4, 2025. The project involved the development of a six-lane Kaliagura-Baunsaguar section of NH-130-CD from km 249+000 to km 293+000, under the Raipur-Visakhapatnam Economic Corridor. It was awarded by the National Highways Authority of India (NHAI) under the Hybrid Annuity Mode (HAM), with a contract value of ₹1,492.11 crore. Initially scheduled to be completed by May 29, 2024, the revised completion date was set for January 4, 2025, due to project-specific delays. The entire contract was to be executed over a period of 730 days. This project is a significant part of H.G. Infra's domestic order book and adds to its robust portfolio in national highway development. The company confirmed that there is no related party interest involved in this contract. Disclaimer: The information provided is for informational purposes only and should not be considered as investment advice. Always consult with a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
