Latest News | Ceigall India Achieves Financial Closure for Two Projects

New Delhi, Feb 20 (PTI) Infrastructure company Ceigall India on Thursday said it has achieved financial closure for two projects in Uttar Pradesh.

Total project value is Rs 2,498.50 crore, Ceigall India said in a statement.

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"The company has successfully achieved financial closure for two Hybrid Annuity Mode (HAM) projects in Ayodhya -- Northern Ayodhya Bypass (35.40 km) and Southern Ayodhya Bypass (32.17 km)," it said.

Both closures were secured within 83 days -- well ahead of the 150-day timeline set by the National Highways Authority of India (NHAI).

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Achieving financial closure means having in place all the approvals as well as funding arrangements for a project.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)