Highway Infrastructure Gets ₹24.46 Crore NHAI LOA; Shares Rise 8.07%

Mumbai, October 1: Highway Infrastructure Limited has received a Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI) for a ₹24.46 crore contract to operate the Vellancherry Fee Plaza in Tamil Nadu.

According to the exchange filing dated September 30, 2026, the contract covers the engagement of a user fee collection agency through an e-tender process. The assignment relates to the four-lane divided carriageway facility on the Karur to Dindigul section of NH-7.

Stock Market Snapshot

The Highway Infrastructure share price stood at ₹46.20 as of 9:37 AM IST on October 1, 2026, according to the market data.

The stock was up ₹3.45, or 8.07%, at the time. The rise came shortly after the company disclosed the NHAI LOA for the Vellancherry Fee Plaza contract.

The assignment has a stated execution period of 90 days. The Company Name share price movement was therefore seen as the market opened following the contract disclosure.

NHAI Contract Covers Fee Collection And Maintenance

The contract involves the operation and collection of user fees at the Vellancherry Fee Plaza. Highway Infrastructure will also be responsible for upkeep and maintenance of adjacent toilets, including the supply of recurring consumable items.

The contract has been awarded by NHAI to a domestic entity and is classified as a domestic contract. The company disclosed the broad contract value at ₹24,45,99,930, or approximately ₹24.46 crore.

The filing also states that the promoter or promoter group has no interest in the entity awarding the contract. The transaction does not fall under related-party transactions.

Highway Infrastructure To Execute NHAI Assignment

The LOA was issued by NHAI on September 30, 2026, under the terms disclosed in the company’s regulatory filing.

The contract adds another fee collection and highway operations assignment to Highway Infrastructure’s business activities. The company is required to execute the awarded work within the specified 90-day period, as per the terms of the contract.

Source:

• https://www.nseindia.com/get-quote/equity/HILINFRA/Highway-Infrastructure-Limited
• https://nsearchives.nseindia.com/corporate/HIGHWAY123_30092026211828_HIL_Reg30_Vellanchettiyur_30092026.pdf