Project Overview
HG Infra Engineering Limited has been declared the L1 bidder for a ₹431.11 million interstate transmission project in Odisha, awarded by PFC Consulting Limited. Part of the Eastern Region Generation Scheme – I (ERGS-I), the project operates under the Build, Own, Operate, and Transfer (BOOT) model, with a completion deadline of March 28, 2028, and a 35-year operation period.
Key Details
-
Project Value: ₹431.11 million (annual transmission charges)
-
Type: Interstate Transmission System
-
Authority: PFC Consulting Limited
-
Timeline: Completion by March 28, 2028
-
Operation Period: 35 years
Strategic Importance
This win is a significant milestone for HG Infra, traditionally known for road infrastructure. It diversifies its portfolio into power transmission, ensuring long-term, regulated revenue. Following its recent Gujarat battery storage project, this strengthens HG Infra’s foothold in the power sector and boosts investor confidence.
Impact on India’s Power Infrastructure
The ERGS-I project supports India’s goal of enhancing power transmission and integrating renewable energy. By facilitating efficient interstate power distribution, HG Infra contributes to a robust national grid, aligning with the government’s energy transition initiatives.
Future Prospects
HG Infra’s success positions it for more power infrastructure projects. The stable cash flow from BOOT contracts will enhance financial resilience, while its growing expertise across infrastructure segments reinforces its market leadership.
Conclusion
Securing the Odisha transmission project marks a pivotal moment for HG Infra, expanding its role in India’s infrastructure growth. With a strong order book and strategic diversification, HG Infra is well-poised to shape the future of power infrastructure.
