Shares of HG Infra Engineering Ltd are trading flat after touching a day’s high of Rs 976.45 on 3rd October. This followed the company’s announcement that its wholly owned subsidiary, HG Varanasi-Kolkata PKG-13 Private Limited, has received the appointed date from the National Highways Authority of India (NHAI) for its highway project in Jharkhand.

HG Infra Engineering stated that NHAI, through a letter dated 30th September, 2025, has declared the provisional appointed date for its highway project under the Bharatmala Pariyojana. The project involves constructing a six-lane greenfield Varanasi–Ranchi–Kolkata Highway from NH 320 in Lepo village. It extends to Kamlapur village on the Jharkhand–West Bengal border.

The project is worth Rs 925.11 crore. It was awarded under the Hybrid Annuity Mode (HAM), with a length of 28.70 km and a completion timeline of 730 days.

HG Infra Q1 Results

HG Infra posted a 39.2% year-over-year fall in net profit at Rs 98.8 crore in Q1. This is compared to Rs 162.5 crore in Q1FY25. Revenue slipped 3% to Rs 1,482 crore from Rs 1,528 crore last year. EBITDA dropped 17.5% to Rs 260 crore from Rs 315.7 crore. Margins narrowed to 17.5% from 20.6% a year earlier.

At 12:30 PM, the shares of HG Infra were trading 0.14% lower at Rs 959.50 on NSE.

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