H.G. Infra Engineering Limited has informed the Exchange regarding 'Intimation of Financial Closure - H.G. Bahuvan Jagarnathpur Highway Private Limited'.
HGINFRA · price
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H.G. Infra Engineering's wholly owned subsidiary, H.G. Bahuvan Jagarnathpur Highway Private Limited, has received a financial closure letter from the Public Works Department (PWD), Ayodhya. The project involves upgrading a 63.84 km stretch of NH 227B (84 Kosi Parikrama Marg) in Uttar Pradesh to a two-lane with paved shoulders configuration under Hybrid Annuity Mode (HAM). The total project cost is INR 763.11 crore with a 2-year construction period, and the financial close was achieved on November 11, 2025. This announcement is a continuation of earlier disclosures about the same project, confirming that funding arrangements are now in place.
Financial closure means the subsidiary has secured the necessary funding to begin construction, removing a key execution milestone risk. The INR 763 crore project adds visibility to HGINFRA's order book and revenue pipeline over the next two years, with HAM projects also ensuring annuity income post-construction.