Financial Closure Achieved for Rs. 1,582.11 Crore Odisha HAM Highway Project
Wholly owned subsidiary H.G. Gobindpur Tangi Highway Pvt Ltd has received the letter of Financial Close from NHAI for the Rs. 1,582.11 crore six-lane Capital Region Ring Road Package-III in Odisha (40.33 km, HAM).
- Project Cost
- Rs. 1,582.11 crore
- Project Length
- 40.33 km
- Construction Period
- 910 Days
- Project Mode
- Hybrid Annuity Mode (HAM)
- Financial Close Date
- September 16, 2026
What was announced
H.G. Infra Engineering has informed the exchanges that its wholly owned subsidiary, H.G. Gobindpur Tangi Highway Private Limited, has received a letter of Financial Close from the National Highways Authority of India (NHAI) dated September 28, 2026.
Project details
- Work: construction of a new six-lane access controlled Capital Region Ring Road, Package-III, from Gobindpur (NH-55) to Tangi near Bandola Toll Plaza (NH-16), Design Ch. Km. 70+995 to Km. 111+325, in Odisha.
- Project cost: Rs. 1,582.11 crore
- Mode: Hybrid Annuity Mode (HAM)
- Length: 40.33 KM
- Construction period: 910 Days
- Date of Financial Close: September 16, 2026
Why it matters
Financial closure is the stage at which funding arrangements for a project are tied up and confirmed by the authority. For a HAM road project, it is a step that allows the appointed date and construction activity to follow. This update continues earlier announcements made on February 24, 2026, February 27, 2026 and April 19, 2026 relating to the same project.
The project is executed through a wholly owned subsidiary, so the company retains full ownership of the special purpose vehicle.
Also from H.G. Infra Engineering
Half-yearly ISIN details for listed debt securities: INR 400 Crore outstanding at 8.55% p.a
7 Oct 2026
Half-yearly ISIN disclosure for listed debt securities: 8.55% coupon, INR 400 Crore outstanding
7 Oct 2026
Tax demand of Rs. 94.00 crore dropped in entirety; show cause notice proceedings closed with NIL demand
6 Oct 2026
More numbers
- Project costRs. 1,582.11
- Project length40.33
- Construction period910 Days
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