H.G. Infra Engineering Limited Bags New Project in Odisha
Financial Bid Results – CRRR Package 3 | NHAI
The financial bid results are out for another major Hybrid Annuity Mode (HAM) highway project, and competition among leading infrastructure players was intense.
Project Details
- Project: Construction of 6-Lane Capital Region Ring Road (CRRR) – Package 3
- Client: National Highways Authority of India (NHAI)
- Location: Odisha
- Project Length: Km 70.540 to Km 110.870
- Mode: Hybrid Annuity Mode (HAM)
- Estimated Cost: ₹1,827.33 Crore
- Financial Bid Opening: 24.02.2026
Top Bidders Snapshot
L1 – H.G. Infra Engineering Limited
• Bid Value: ₹1,582.11 Crore
• 13.42% Below Estimate
• Aggressive and strategic bidding in a competitive HAM market
L2 – GR Infraprojects Limited
• Bid Value: ₹1,687.57 Crore
• 7.65% Below Estimate
L3 – Brij Gopal Construction Company (BGCC)
• Bid Value: ₹1,688.00 Crore
• 7.62% Below Estimate
Key Observations
• Strong participation from major infrastructure players
• Significant spread between L1 and L2 (approx. ₹105 Crore difference)
• Multiple bids clustered in the -5% to -8% range
• Mix of aggressive and conservative bidding strategies observed
• Few bidders quoted above estimate, indicating cautious risk assessment
This result highlights the evolving competitive dynamics in HAM projects, where companies are balancing aggressive pricing with project risk and long-term viability.
