Infrastructure development company HG Infra Engineering Ltd has received a Letter of Award (LOA) from the Department of Skill, Employment & Entrepreneurship, Government of Rajasthan for the operation and management of the Industrial Training Institute (ITI) Bhiwadi Cluster. According to reports from CNBC TV18, the project falls 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 ₹17.10 crore, representing 17.10% 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.
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. As reported by CNBC TV18, the company had earlier disclosed details related to the project on July 13, 2026. This latest development adds to the company's infrastructure portfolio as it continues to expand its presence in the skill development sector.
In a separate development, HG Infra Engineering decided not to consider two Maharashtra State Road Development Corporation (MSRDC) projects as part of its executable order book in May 2026, citing uncertainty over execution and the absence of communication from the authority. According to CNBC TV18, 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. The first package covers construction from Chargaon (Bhadravati taluka) to Nandgaon Kh (Korpana taluka, Chandrapur district), with a length of 28.20 km and an estimated project cost of ₹1,554.45 crore.
Shares of HG Infra Engineering Ltd ended at ₹548.15, down by ₹5.25, or 0.95% in the previous trading session following the announcement. As reported by Moneycontrol, the company's shares are expected to remain in focus on August 12, 2026, when a board meeting is scheduled to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The stock is currently trading 47.81% below its 52-week high of ₹1,050.35 and 27.46% above its 52-week low of ₹430.05, with the company's market capitalisation standing at ₹3,572.35 crore.
