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H.G. Infra Engineering Limited (HGIEL) is an Indian Road Infrastructure Company engaged in the business of Engineering, Procurement and Construction (EPC) Services, Maintenance of roads, bridges, flyovers and other infrastructure contract works.
H.G. Infra Engineering Limited's long-term ratings for banking facilities and NCDs have been reaffirmed at [ICRA]AA- (Stable) by ICRA. The short-term rating is reaffirmed at [ICRA]A1+. ICRA has revised the outlook to Stable from Positive for facilities totaling Rs. 5600 Crore.
HGINFRA has secured a Letter of Intent from REC Power Development and Consultancy for constructing 220/132/33 kV AIS Substations at Ranipur (Mau) and Chunar (Mirzapur) with associated lines in Uttar Pradesh. This boosts the company's infrastructure project pipeline.