H G Infra arm gets LoI from NHAI for Telangana project

11 Oct 2022 CW Team

H G Infra Engineering’s wholly-owned subsidiary H G Khammam Devarapalle Pkg-2 Pvt Ltd has received a letter of intent from the National Highways Authority of India (NHAI) for declaration of appointed date for the project: ‘Construction of four-lane access controlled greenfield highway section of NH365BG (Khammam-Devarapalle) of length 29.513 km from Somavaram village to Chintagudem village under Inter Corridor Route of Bharatmala Pariyojana on hybrid annuity mode in the state of Telangana (Package-II).’

As per a regulatory filing, the NHAI’s estimated project cost is Rs 5.23 billion, while the H G Infra bid puts the project cost at Rs 6.37 billion. The completion period is 730 days and the appointed date is September 13, 2022.

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