Infrastructure company Ceigall India Ltd. 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.
"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.
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Both closures were secured within 83 days—well ahead of the 150-day timeline set by the National Highways Authority of India.
Achieving financial closure means having in place all the approvals as well as funding arrangements for a project.
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