HG Infra Engineering said its wholly owned subsidiary, HG Bahuvan Jagarnathpur Highway, has received the appointed date for a major National Highway project in Uttar Pradesh. The appointed date has been declared by the Superintending Engineer, National Highways Circle, Public Works Department (PWD), Lucknow.
The project involves the improvement and upgradation of a two-lane highway with paved shoulders on the newly notified National Highway-227B. The stretch covers the Bahuvan Madar Majha to Jagarnathpur section under the “84 Kosi Parikrama Marg” in Uttar Pradesh, an important religious and regional connectivity corridor.
Valued at Rs 7.63 billion, the project will be executed under the Hybrid Annuity Mode (HAM). HG Infra Engineering said the construction period for the highway project is two years, with January 16, 2026, officially declared as the appointed date. The company added that the award and execution of the project are in the normal course of business.
Once completed, the upgraded highway is expected to improve road safety, enhance travel efficiency and support smoother movement of pilgrims, local commuters and freight traffic along the corridor. The project is also aligned with the government’s broader objective of strengthening road infrastructure and regional connectivity in Uttar Pradesh.
Meanwhile, HG Infra Engineering recently reported its financial results for the second quarter ended September 2025. The company’s net profit declined 35.4 per cent year-on-year to Rs 520.1 crore, compared with Rs 800.7 million in the corresponding quarter of the previous year. Revenue from operations remained largely stable during the quarter, rising marginally by 0.2 per cent to Rs 9.04 billion from Rs 9.02 billion in Q2FY25.
Despite near-flat revenues, the decline in profitability reflects pressure on margins during the period, even as the company continues to secure new highway projects to support long-term growth.
News source: CNBC TV18
