Project Completion
H.G. Infra Receives Provisional Completion Certificate for ₹4,970.99 Crore Ganga Expressway EPC Project in Uttar Pradesh
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H.G. Infra Engineering Limited has received the Provisional Completion Certificate (PCC) from Adani Road Transport Limited for its ₹4,970.99 crore EPC package on the Ganga Expressway project in Uttar Pradesh. The certificate declares the project fit for commencement of commercial operations, marking successful completion of a major infrastructure milestone.
PRICE-SENSITIVE TRIGGER
Event: Receipt of Provisional Completion Certificate (PCC) for Ganga Expressway EPC Project.
Type: Project Completion / Operational Milestone
Impact: Positive
Immediate Effect: The project has been declared fit for commencement of commercial operations, validating successful execution of a large-scale expressway EPC contract and enabling closure of a major project milestone.
Key Metrics:
- Contract Value: ₹4,970.99 crore
- Project Length: 151.70 km
- Execution Model: EPC (Engineering, Procurement & Construction)
- Scheduled Completion Period: 820 days from appointed date
- Appointed Date: 03 November 2022
- Provisional Completion Date: 30 April 2026
- PCC Received By Company: 05 June 2026
Highlight:
- H.G. Infra has achieved provisional completion of a ₹4,970.99 crore Ganga Expressway EPC package, one of the company’s significant road infrastructure projects.
What Happened ?
H.G. Infra Engineering Limited informed exchanges that it has received a Provisional Completion Certificate from Adani Road Transport Limited for its EPC package on the Greenfield Ganga Expressway project in Uttar Pradesh.
The certificate, issued on May 30, 2026 and received by the company on June 5, 2026, confirms that the project has been completed and is fit for commencement of commercial operations.
The completed package covers civil and associated works for Group II of the access-controlled six-lane (expandable to eight-lane) Greenfield Ganga Expressway stretching from Meerut to Prayagraj.
Key Details
Ganga Expressway Project Completion Details:
- Awarding Authority: Adani Road Transport Limited.
- Project Type: Engineering, Procurement and Construction (EPC).
- Project Corridor: Group II package of Ganga Expressway.
- Project Stretch: Km 137+600 (Budaun District) to Km 289+300 (Hardoi District).
- Total Design Length: 151.70 km.
- Project Location: Uttar Pradesh.
- Contract Value: ₹4,970.99 crore.
- Execution Period: 820 days from appointed date.
- Appointed Date: 03 November 2022.
- Provisional Completion Date: 30 April 2026.
- Provisional Completion Certificate received on 05 June 2026.
- Awarded by a domestic entity.
- No promoter or group company interest involved.
- Not a related-party transaction.
Note:
- Receipt of the PCC signifies completion of contractual construction obligations and marks transition of the project into the operational phase.
Risk Analysis
Summary:
- The completion milestone materially reduces project execution risk for this package. However, final settlement, defect liability obligations, and project close-out activities remain part of the normal contract lifecycle.
Key Risks:
- Final contractual settlements may remain subject to routine reconciliation.
- Defect liability and maintenance obligations may continue as per contract terms.
- Revenue recognition impact beyond completed milestones is not disclosed.
- Any future claims, variation orders, or contractual adjustments remain subject to standard project procedures.
Worst Case Scenario:
- Any unresolved contractual disputes, claims, or project close-out issues could affect final collections, though no such issues have been disclosed by the company.
Risk Level: Low
Company Commentary
- The company has received the Provisional Completion Certificate from Adani Road Transport Limited.
- The certificate declares the project fit for commencement of commercial operations.
- The completed package forms part of the Greenfield Ganga Expressway project in Uttar Pradesh.
- Required disclosures under SEBI Regulations have been submitted to stock exchanges.
Official Exchange Filing: H.G. Infra Engineering Limited