H.G. Infra's subsidiary achieves financial closure of a HAM mode project from NHAI

The projects completion period is 2 years.

Jan 14, 2021 11:01 IST India Infoline News Service

H.G. Infra Engineering has announced exchanges that its wholly-owned subsidiary H.G. Rewari Bypass has received the letter from National Highways Authority of` India (`NHAI')  for financial closure of a project.

The company's subsidiary has bagged a project involving the construction of proposed Rewari Bypass (NH-II) as Feeder Route in Rewari district in the State of Haryana (Design length 14.40 kin) on Hybrid Annuity Mode (HAM).

For the project, NHAI bid costed Rs372.09cr, while HG Infra's subsidiary's bid price was at Rs522.02cr.

The projects completion period is 2 years.

On Sensex, HG Infra settled at Rs229 per piece down 0.95%. 

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