H.G. Infra Engineering has announced that it will not consider two major Maharashtra expressway projects worth over ₹4,142 crore as part of its executable order book due to uncertainty surrounding their execution.
The development comes despite the company being declared the lowest bidder (L1) by Maharashtra State Road Development Corporation for two packages of the Nagpur–Chandrapur Access Controlled Super Communication Expressway project in Maharashtra.
According to the company’s regulatory filing, the bank guarantees submitted against bid security for the projects were unexpectedly returned by MSRDC without any explanation. H.G. Infra Engineering stated that it subsequently sought clarification from the authority regarding the status of the projects and the reasons behind the return of the guarantees, but no formal communication has been received so far.
The two EPC projects include:
- Package NC-04 from Chargaon to Nandgaon Kh in Chandrapur district, spanning 28.20 km, with H.G. Infra’s bid project cost at ₹1,991.11 crore.
- Package NC-05 from Nandgaon Kh to Jogapur in Chandrapur district, covering 31.75 km, with a bid project cost of ₹2,151.11 crore.
Together, the projects carried a combined bid value of approximately ₹4,142 crore.
The company clarified that, considering the uncertainty regarding project execution, it has decided as a matter of prudence not to include these projects in its executable order book until further clarity emerges from MSRDC.
H.G. Infra Engineering also stated that it will continue to keep stock exchanges informed about any further material developments related to the matter in accordance with applicable regulations.