HG Infra Engineering wins major defence project in Mumbai

HG Infra Engineering Limited has been selected as the lowest bidder for a defence infrastructure project worth 118 crore rupees. The work involves building an Integrated Material Handling Facility at the Naval Dockyard in Mumbai. This contract was awarded by the Military Engineer Services.

The project is expected to be completed within 30 months. The company confirmed that there are no connections or transactions with related parties for this deal, and that neither promoters nor affiliated companies have any interest in the awarding authority.

HG Infra is active across various Indian states, focusing mainly on roads and highways. The company holds top-level contractor ratings with both the Rajasthan Public Works Department and the Military Engineer Services.

Despite this new win, the company reported a decline in financial performance in the fourth quarter of fiscal year 2025. Net profit dropped by more than 22 percent, and revenue fell by over 20 percent compared to the same period last year.