- Company emerges as L-1 bidder for a new HAM project “Rewari- Ateli Mandi section of NH-11
- The construction period is 2 years, and the total operation period is 15 years
- The total length of the highway is 31 km.
Mumbai, January 11, 2019: HG Infra Engineering Limited (BSE: 541019; NSE: HGINFRA), a leading player in the road construction sector is declared L-1 bidder for a new Hybrid Annuity mode project “Rewari- Ateli Mandi section of NH-11 valued at Net Present Value (NPV) of Rs 564.98 Crore (Construction cost Rs. 580.00 crore and O&M Rs. 6 crore p.a.) by the National Highways Authority of India in the state of Haryana.
The project work includes upgradation of four lane of Rewari-Ateli Mandi section from 11.780 kilometer at Rewari to 43.445 kilometer near Ateli Mandi, for a length 31 km as feeder route with the construction period for the project is 2 years, while the operation period is 15 years.
Commenting on the development, Mr. Harendra Singh, Chairman & Managing Director, HG Infra Engineering Limited said “We are committed to develop the world class roads and highways infrastructure for our nation to facilitate development agenda set by the Govt. of India. Winning these projects is testimony for domain expertise and rich experience we have with us. We would continue to strive for excellence in the sector to grow further.”
About HG Infra Engineering Limited: HG Infra is a leading player in the roads & highways space with an execution track record of over 15 years. HG provides engineering, procurement and construction (EPC) services on a fixed-sum turnkey basis and undertaking civil construction and related infrastructure projects, in the road construction space. With 22 orders under execution, the Company has presence in Rajasthan, Uttar Pradesh, Haryana, Uttarakhand, Maharashtra and Arunachal Pradesh. The Company has built a robust business model built around complete integration, large fleet of in-house equipment and skilled manpower.