HG Infra achieves financial closure for Telangana project
HG Infra Engineering's wholly owned subsidiary H.G. Khammam Devarapalle Package-1 Pvt Ltd has achieved financial closure with effect from September 15, 2022 for the project four-lane highway section of NH365BG of length - 33.6 km from Thallampadu village to Somavaram village on HAM mode in Telangana (Package-l)". The bid project cost was at Rs 772.1 crore.
HG Infra Engineering has signed a concession agreement recently for the project with significant progress witnessed in land acquisition (52% land available as on June 30, 2022). With achievement of financial closure, receipt of appointed date is expected by November 2022.