HG Infra Subsidiary Achieves Financial Closure for Rs 763 Crore HAM Highway Project

H.G. Infra Engineering Limited (BSE Scrip Codes: 541019/977063, NSE Symbol: HGINFRA) announced that its wholly owned subsidiary, H.G. Bahuvan Jagarnathpur Highway Private Limited, received financial closure confirmation from the Executive Engineer, National Highway Division, PWD Ayodhya, dated March 6, 2026.

The project involves improvement and up-gradation to two-lane with paved shoulders configuration of newly declared NH 227B (Bahuvan Madar Majha to Jagarnathpur, Design Km 160.200 to Km 224.040), known as "84 Kosi Parikrama Marg," Package VI in Uttar Pradesh. Valued at Rs 763.11 crore, this 63.84 km Hybrid Annuity Mode (HAM) project has a 2-year construction period.

Shares of H.G. Infra Engineering Limited was last trading in BSE at Rs. 498.00 as compared to the previous close of Rs. 500.70. The total number of shares traded during the day was 11303 in over 886 trades.

The stock hit an intraday high of Rs. 515.00 and intraday low of 495.00. The net turnover during the day was Rs. 5668928.00.

Source : Equity Bulls

Keywords

HGInfraEngineering INE926X01010 Construction Engineering HGBahuvanJagarnathpurHighway FinancialClosure