SPV established for highway concession in Andhra Pradesh

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H.G. Infra Engineering Limited (HGIEL) has incorporated SPV H.G. Raipur Visakhapatnam AP-l Private Limited for Aluru to Jakkuva highway concession in India.

The project includes the development of a 31.76 km long six-lane section of NH-130 highway connecting Aluru to Jakkuva. This section is part of the Raipur-Vishakapatnam Economics Corridor in the state of Andhra Pradesh.

The project was awarded by the National Highway Authority of India (NHAI) on a hybrid annuity model. 

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