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H G Infra’s subsidiary achieves financial closure for NHAI road project

H.G. Raipur Visakhapatnam OD-6 Personal Restricted, an entirely owned subsidiary of H.G. Infra Engineering Limited (‘HGINFRA’) is in receipt of letter from Nationwide Highways Authority of India (‘NHAI’) for noting of economic shut w.e.f. Might 06, 2022.

As per the regulatory submitting, the venture is for the ‘Improvement of Six Lane Baunsaguar – Baraja Part of NH- 130-CD Highway from km 293+000 to km 338+500 beneath Raipur Visakhapatnam Economics Hall within the state of Odisha on Hybrid Amuity Mode (Bundle – OD-6).’

Additional, the NHAI estimated venture is Rs958.98 crore whereas the HGINFRA bid venture price is Rs1,123.11 crore. The anticipated completion interval of the venture is 730 days, knowledgeable the corporate.

On Thursday at round 10:35 AM, H.G. Infra Engineering was buying and selling at Rs535.40 apiece down by Rs20.3 or 3.65% on the BSE.

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