$HGINFRA

HG Infra Engineering is expected to remain in focus on June 8 after the company received a provisional completion certificate for a key package of the Ganga Expressway project in Uttar Pradesh. The project, awarded by Adani Road Transport, entails the execution of civil and related 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 is valued at Rs 4,970.99 crore. Earlier, on June 5, the company announced the transfer of a 49 percent stake in its wholly owned subsidiary, H.G. Raipur Visakhapatnam OD-5, to Neo Infra Income Opportunities Fund. HG Infra Engineering stated that the remaining 51 percent stake will be transferred in accordance with the terms outlined in the transaction agreements. On the financial front, the company 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. Despite the drop in profitability, revenue from operations increased 4.8 percent to Rs 1,426.81 crore from Rs 1,360.89 crore a year earlier.