H.G. Infra Declared L1 Bidder, Wins 17.10% Share In ₹241 Crore Rajasthan ITI Upgradation Project

G. Infra Engineering Ltd has been declared the lowest bidder by the Department of Skill, Employment & Entrepreneurship, Government of Rajasthan, for upgrading Industrial Training Institutes (ITIs) in the Bhiwadi cluster under the National Scheme for ITI Upgradation. The project will be implemented under the Public Private Partnership (PPP) model and will have a tenure of 10 years.

The company informed stock exchanges through a regulatory filing on Monday that it has won the bid for the project. 10% will be the company's share. However, the company did not disclose the exact contract value that will accrue to it under the arrangement.

The order has been awarded by a domestic government department, and the company confirmed that neither its promoters nor promoter group companies have any interest in the awarding entity. It also stated that the contract is not a related-party transaction. G.

Infra's presence in public infrastructure projects. The company has been expanding its portfolio across highways, railways, and other government-led infrastructure programmes. The addition of an education infrastructure project also broadens its project mix and supports long-term order visibility.

Disclaimer: This report is based on the company's stock exchange filing and does not constitute investment advice or a recommendation to buy.