HG has achieved 34/40% physical/financial progress as of 20th December 2019 and has received 2 milestones based payment. The company is targeting COD 6 months ahead of schedule, making it eligible for an early completion bonus. We attended the HG Infra Analysts Meet/ Gurgaon Sonha Site Visit at Gurgaon on 20th December 2019. This was the first NHAI HAM project secured by the company and involves six-laning and strengthening of the segment of the new NH-248A (from Existing Km 11+682 to Existing Km 24+400) in the State of Haryana. This is a 12.71km stretch with a flexible pavement configuration with Elevated Sections, Vehicular Underpass and Flyover forming the major structures in the package.