H.G. Infra Engineering Limited announced that the Company has incorporated a wholly owned subsidiary company "H.G. Raipur Visakhapatnam AP-1 Private Limited" on August 19, 2021, as Special Purpose Vehicle. H.G. Raipur Visakhapatnam AP-1 Private Limited; a Private Limited Company having authorized capital of INR 1,500,000 (15,000 equity shares of INR 10 each). The wholly owned subsidiary was incorporated to undertake following project: Development of Six Lane Aluru -Jakkuva section of NH - 130-CD-Road from km 365+033 to km 369+800 under Raipur Visakhapatnam Economic Corridor in the state of Andhra Pradesh on hybrid Annuity Mode. Estimated project cost is INR 8,593.0 million. HGINFRA Bid project cost is INR 10,601.1 million. Completion period is 730 days and length is 31.767 KM.