Highway Infrastructure Secures Rs 11.76 Crore NHAI Contract for Ujjain-Garoth Project

Indore, October 30, 2025: In a regulatory filing, Highway Infrastructure Limited (NSE: HILINFRA, BSE: 544477) announced that it has formally signed a contract agreement with the National Highways Authority of India (NHAI). The contract is for operating and maintaining the 4-lane Ujjain–Garoth section of National Highway 752D. Following the announcement, the share price of Highway Infrastructure Limited rose 0.95%, to trade at ₹78.98 during the afternoon session, reflecting a mildly positive market reaction to the new contract win.

Headquartered in Indore, Madhya Pradesh, Highway Infrastructure Limited is engaged in the development, operation, and maintenance of toll-based highway projects. Its shares are listed on both NSE and BSE, trading under the tickers HILINFRA and 544477, respectively.

Contract Details

In its regulatory filing, Highway Infrastructure announced that it executed the agreement on October 29, 2025, following the receipt of a Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI). The contract, valued at ₹11.76 crore, also includes provisions for maintaining adjacent toilet blocks and related consumables. The company is set to assume control of the toll plaza today, October 30, 2025, and aims to complete the project within a 90-day execution window. The project will be undertaken under the Hybrid Annuity Model (HAM) in collaboration with domestic, unrelated parties.

Market Reaction

As of October 30, 2025, 1:35 pm, shares of Highway Infrastructure Limited were trading at ₹78.98, a rise of 0.95% or 0.74 points. The shares opened in green at ₹78.98, and since had a slow session with traded volume at 6.42 lakhs and traded value of ₹5.18 crore, with the total market capitalisation of ₹570.18 crore.

REF: https://nsearchives.nseindia.com/corporate/HIGHWAY123_29102025183231_Reg_30_UjjainToll_291025.pdf

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