The company said the ₹241 crore project involves upgrading Industrial Training Institutes (ITIs) in the Bhiwadi cluster under the National Scheme for ITI Upgradation. ITIs are government-run vocational training institutes that equip students with industry-specific technical skills, and the scheme aims to improve their infrastructure and align training with industry requirements.
According to the company’s regulatory filing, the project will be executed under the public-private partnership (PPP) model, under which the government partners with private companies to develop and manage public infrastructure and services. The execution period is 10 years.
The contract has been awarded by a domestic entity, the company said.
The order adds to HG Infra’s presence beyond its traditional road and highway construction business, as the company continues to diversify into power transmission, railways and social infrastructure projects.
Earlier, on May 26, the company said it had been declared a qualified bidder by REC Power Development and Consultancy Ltd. (RECPDCL) for a power transmission project in Uttar Pradesh.
The project involves the construction of 220/132/33 kV air-insulated substations at Ranipur in Mau district and Chunar in Mirzapur district, along with associated transmission lines, according to an exchange filing. The project will be awarded through a tariff-based competitive bidding process.
In a separate development on May 20, the infrastructure company said it had decided not to include two Maharashtra State Road Development Corporation (MSRDC) projects in its executable order book, citing uncertainty over execution and the absence of communication from the authority.
The update related to disclosures made on May 21, 2024, when the company was declared the L1 bidder for two EPC packages under the Nagpur–Chandrapur Access Controlled Super Communication Expressway project in Maharashtra.
Being declared the L1 bidder does not amount to a final contract award. The project is typically awarded after the successful completion of technical and procedural formalities by the awarding authority.
The company’s shares ended 0.65% higher at ₹567.30 on the NSE on Monday, July 13.
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