HG Infra Bags ₹1,582 Cr NHAI Ring Road Project Under HAM in Odisha

HG Infra Engineering has been declared the lowest bidder (L1) by the National Highways Authority of India (NHAI) for a ₹1,582 crore project. The project involves the construction of a new six-lane, access-controlled Capital Region Ring Road (Package-III) from Gobindpur (NH-55) to Tangi near Bandola Toll Plaza (NH-16) in Odisha. The project will be executed under the Hybrid Annuity Mode (HAM), providing a mix of government support and annuity-based payments, which ensures stable long-term cash flow visibility. This win strengthens HG Infra’s road project order book and reinforces its presence in large-scale national highway development projects.