H.G. Infra Engineering Ltd

H.G. Infra Engineering Ltd

H.G. Infra Engineering Limited is a leading player in the roads & highways space with an execution track record of over 15 years. HG provides engineering procurement and construction (EPC) services on a fixed-sum turnkey basis and undertakes civil construction and related infrastructure projects in the road construction space. The company has presence in Raiasthan Uttar Pradesh Haryana Uttarakhand Maharashtra and Arunachal Pradesh. The company has built a robust business model built around complete integration large fleet of in-house equipment and skilled manpower.The Company has a track record in executing projects of different sizes particularly in the roads and highways sector. It has become an established construction developer in the roads and highways sector with strong execution capabilities and with a reputation of delivering quality projects. For instance the company has received a letter of appreciation in the year 2012 from Larsen and Toubro Limited for being the most quality consciousness sub-contractor. The Company has also received a bonus from the Chief Engineer National Highways PWD Lucknow for early completion of widening and strengthening of NH-96 Faizabad-Allahabad Road (from 0.00 kilometers to 46.470 kilometers) in Uttar Pradesh.H.G. Infra Engineering Limited was incorporated as a private limited company with the name 'H.G. Infra Engineering Private Limited' on January 21 2003 at Jodhpur. H.G. Infra Engineering was formed pursuant to the conversion of a partnership firm M/s Hodal Singh Giriraj Singh & Co. Jodhpur (the 'Partnership Firm') into the Company a joint stock company under Part IX of the Companies Act 1956 on January 21 2003. The Partnership Firm was constituted pursuant to a partnership deed dated December 10 1980 initially entered into amongst the original partners Mr. Giriraj Singh Mr. Bhagwan Singh Mr. Hodal Singh Mr. Pokhpal Singh Mr. Devendra Singh Mr. Ramswaroop Singh and Mr. Narpat Singh for the purpose of carrying out the business of among others public works department ('PWD') railways irrigation department or any other government or semi-government departments in respect of roads bridges dams supply of material and technical consultation. Pursuant to the changes in the constitution of the partnership the partnership deed was subsequently amended from time to time.The business of the Partnership Firm was taken over by the Company pursuant to the conversion and Mr. Bhagwan Singh Mr. Hodal Singh Mr. Pokhpal Singh Mr. Girishpal Singh Mr. Vijendra Singh Mr. Harendra Singh and Mr. Rajendra Singh the erstwhile partners of the Partnership Firm were issued and allotted 53831 Equity Shares 452647 Equity Shares 25843 Equity Shares 324255 Equity Shares 408257 Equity Shares 442572 Equity Shares and 31345 Equity Shares respectively.In 2008 the company executed its first subcontract work of construction of embankment among other things for an amount of Rs 14.91 crore. During the year under review the company commenced construction of a portion of the Yamuna Expressway worth Rs 116.06 crore.In 2010 the company commenced its first major project as a subcontractor to carry out work of four laning of 49 kilometers on the Jaipur - Tonk Deoli section on National Highway 12 worth Rs 257.44 crore. During the year under review the company commenced work on a part of the project for development of road of 20 kilometers on the six laning work being carried out on National Highway 8 on the Ajmer bypass section for an amount of Rs 56.38 crore.In 2011 the company commenced work on the project of four laning of the Warora Bamni section in Maharashtra for an amount of Rs 268.45 crore.In 2014 the company executed construction of the Jaipur - Nagaur road from kilometer 63/500 (Bhatipura) to kilometer 101/700 (Narayanpur Tiraha) for a total cost of Rs 44.27 crore. During the year under review the company executed construction of the Jaipur-Nagaur road from kilometer 18/0 (Kalwar) to kilometer 63/500 (Bhatipura) for a total cost of Rs 56.14 crore.In 2015 the company won construction project of four laning highway of National Highway 65 on the Kaithal-Rajasthan border for a cost of Rs 401.11 crore in the state of Haryana awarded by Modern Road Makers Private Limited. In 2016 the company executed second renewal coat on the pavement of six lane Jaipur - Kishangarh section of National Highway 8 in the state of Rajasthan from kilometer 273.500 to kilometer 363.885 for a project cost of Rs 142.31 crore.Pursuant to the conversion of the Company to a public limited company the name of the company was changed to 'H.G. Infra Engineering Limited' on June 8 2017.In 2017 the company won seven construction projects in Maharashtra worth Rs 1904.59 crore by MoRTH. During the year under review the company won two construction projects by NHAI worth Rs 414 crore.The company came out with an initial public offer (IPO) during the period from 26 February 2018 to 28 February 2018. The issue was a combination of fresh of issue of shares worth Rs 300 crore and offer for sale of 60 lakh shares by selling shareholders. The IPO was priced at Rs 270 per share. The stock debuted on BSE at Rs 270 per share on 9 March 2018.In 2017-18 the company won first Hybrid Annuity Project in Haryana worth ~Rs 606 crore.