MoneyWorks4Me

HG Infra Engineering’s arm achieves financial closure for Odisha project

04 Apr 2022 Evaluate

HG Infra Engineering’s wholly owned subsidiary – H.G. Raipur Visakhapatnam OD-5 has achieved Financial Closure from National Highways Authority of India (NHAI) for the project of Development of Six Lane Kaliagura-Baunsaguar Section of NH- 130-CD Road from km 249+000 to km 293+000 under Raipur- Visakhapatnam Economic Corridor in the state of Odisha on Hybrid Annuity Mode (Package –OD-5). The date of Financial Closure is March 25, 2022. The NHAI bid project cost is Rs 1338.27 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
View more..