H.G. Infra Engineering Limited (HGINFRA) announced that its wholly owned subsidiary, H.G. Bahuvan Jagarnathpur Highway Private Limited, has secured a Letter of Financial Closure for a key highway project in Uttar Pradesh. The project, involving the improvement and up-gradation of 63.84 km of the ’84 Kosi Parikrama Marg,’ is valued at approximately ₹763.11 crore and will be executed under the Hybrid Annuity Mode (HAM). The official financial closure date was confirmed as November 11, 2025.
Confirmation of Financial Closure Received
H.G. Infra Engineering Limited (HGINFRA) has formally informed the stock exchanges regarding a significant development for one of its subsidiary SPVs. The subsidiary, H.G. Bahuvan Jagarnathpur Highway Private Limited, has successfully received a Letter of Financial Closure from the Executive Engineer, National Highway Division, PWD, Ayodhya, dated March 06, 2026.
Key Project Details Confirmed
This closure pertains to the project focused on the improvement and up-gradation of two lanes with paved shoulders along the newly declared NH 227B, specifically the section covering the “84 Kosi Parikrama Marg” in Uttar Pradesh. The essential details of the project are summarized below:
- Project Cost: ₹763.11 Crore
- Length: 63.84 KM
- Execution Mode: Hybrid Annuity Mode (HAM)
- Construction Period: 2 Years
- Date of Financial Close: November 11, 2025
This successful financial closure marks a critical milestone, enabling the project to proceed toward commencement following earlier approvals received throughout 2024 and early 2026. HGINFRA confirms that all required regulatory disclosures concerning this project have already been completed.
Source: BSE
