The Letter of Award is for the operation and management of the Industrial Training Institute (ITI) Bhiwadi Cluster under Component-I of the Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU).
The company’s share as the Anchor Industry Partner in the project is ₹17.1 crore, representing 7% of the estimated project cost of ₹241 crore. The project will be executed under the Public Private Partnership (PPP) mode, with an operation and management period of 10 years.
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The company received the Letter of Award on August 11, 2026, through a letter dated August 10, 2026, from the Department of Skill, Employment & Entrepreneurship, Government of Rajasthan. The company had earlier disclosed details related to the project on July 13, 2026.
Back in May 2026, HG Infra Engineering said it had decided not to consider two Maharashtra State Road Development Corporation (MSRDC) projects as part of its executable order book, citing uncertainty over execution and the absence of communication from the authority.
The update relates to disclosures made on May 21, 2024, when the company was declared an L1 bidder for two EPC packages under the Nagpur–Chandrapur Access Controlled Super Communication Expressway project in Maharashtra.
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The first package covers construction from Chargaon (Bhadravati taluka) to Nandgaon Kh (Korpana taluka, Chandrapur district), with a length of 28.20 km. The estimated project cost is ₹1,554.45 crore, while HG Infra’s bid project cost is ₹1,991.11 crore.
The second package spans from Nandgaon Kh (Korpana taluka) to Jogapur (Ballarpur taluka, Chandrapur district), covering 31.75 km. The estimated project cost is ₹1,654.92 crore, and HG Infra’s bid project cost is ₹2,151.11 crore.
The company said the bank guarantees submitted as bid security for the projects were returned by MSRDC without any reasons being communicated. Following this, HG Infra sought clarification on the status of the projects and reasons for the return of the bank guarantees, but no formal response has been received from MSRDC to date.
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HG Infra stated that, considering these developments, it has decided as a matter of prudence not to include the projects in its executable order book until further clarity is received. The company added that it will keep stock exchanges informed of any material developments as required under applicable law.
Shares of HG Infra Engineering Ltd ended at ₹547.00, down by ₹6.40, or 1.16%, on the BSE.
