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HG Infra Engineering’s arm achieves financial closure for Andhra Pradesh project

07 Mar 2022 Evaluate

HG Infra Engineering’s wholly owned subsidiary -- H.G. Raipur Visakhapatnam AP-I has achieved Financial Closure from National Highways Authority of India (NHAI) for the project of Development of Six Lane Aluru - Jakkuva Section of NH-130-CD-Road from kin 365+033 to kin 396+800 under Raipur Visakhapatnam in Economics Corridor in the state of Andhra Pradesh on Hybrid Annuity Mode [Package- 1 (AP)]. The date of Financial Closure is February 25, 2022. The NHAI bid project cost is Rs 859.30 crore and completion period is 730 days for this project.

HG Infra Engineering is an infrastructure construction, development and management company with extensive experience in its focus area of road projects, including highways, bridges and flyovers.

Peers
Company Name CMP
Larsen & Toubro 3860.00
Kalpataru Projects 1447.10
NCC 137.00
Rail Vikas Nigam 210.30
KEC International 402.50
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