HG Infra Shares Gain Focus Amid Completion Certificate for Rs 4,971 Cr Ganga Expressway Project

HG Infra Engineering Remains in Focus After Receiving Provisional Completion Certificate for Ganga Expressway Project

HG Infra Engineering is likely to remain in focus on June 8 after the company received the provisional completion certificate for a key package of the Ganga Expressway project in Uttar Pradesh. The project, awarded by Adani Road Transport, involves the execution of civil and associated works on an Engineering, Procurement and Construction (EPC) basis for the access-controlled six-lane (expandable to eight lanes) Greenfield Ganga Expressway connecting Meerut and Prayagraj. The contract value stands at Rs 4,970.99 crore.

In related news, the company recently transferred a 49 percent stake in its wholly owned subsidiary, H.G. Raipur Visakhapatnam OD-5, to Neo Infra Income Opportunities Fund on June 5. According to the company, the remaining 51 percent stake will be transferred in accordance with the terms and conditions stipulated in the transaction documents. Additionally, the company's subsidiary, H.G. Varanasi-Kolkata PKG-10 Highway, received a letter from the National Highways Authority of India (NHAI) declaring the appointed date for its Rs 1,303.11-crore highway project earlier this month.

On the financial front, HG Infra Engineering reported a 42.1 percent year-on-year decline in consolidated net profit to Rs 85.09 crore for the quarter ended March 2026, compared with Rs 146.98 crore in the corresponding period last year. Revenue from operations, however, rose 4.8 percent to Rs 1,426.81 crore from Rs 1,360.89 crore a year ago.

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In the previous trading session, the share closed at Rs 548.80, down Rs 5.00, or 0.90 percent. The share touched a 52-week high of Rs 1,143.70 in July 2025 and is currently trading about 52 percent below that level, while remaining nearly 28 percent above its 52-week low of Rs 430.05. The company commands a market capitalisation of Rs 3,576.59 crore.