H G Infra has announced the receipt of a letter of acceptance from the National Highways Authority of India.

A statement from the company said,"In continuation to our announcement dated March 07, 2024, and in accordance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that H.G.
Infra Engineering Limited (the “Company” or “HGINFRA”) has received the letter of acceptance from the National Highways Authority of India (NHAI) for the Construction of 4 lane Elevated corridor of Kalimandir- Dimna ChowkBaliguma (Jamshedpur) Section of NH33 (New NH-18) (from km 241.940 to km 251.961) (Length 10.021 km) under NH(O) on EPC mode in the state of Jharkhand."

The estimated project cost is Rs 610.11 crore. The project which will have a span of 10.02 kilometers will be carried out in the EPC mode. The construction period of the project is 30 months.