A subsidiary of HG Infra Engineering Limited has achieved financial closure for a Rs. 763 crore highway project under the Hybrid Annuity Model (HAM).

The project involves development of a highway corridor aimed at improving road connectivity and logistics efficiency.

Officials said financial closure marks a key milestone before commencement of construction activities.

The project will be implemented as part of India’s ongoing national highway expansion programme.

Construction will begin following site mobilisation and statutory clearances.