Highway Infrastructure Secures ₹154.60 Crore NHAI Toll Operations Contract

Highway Infrastructure Limited has received a Letter of Acceptance (LoA) from the National Highways Authority of India (NHAI) for the operation, management and maintenance of select fee plazas along the Vadodara–Mumbai Expressway, the company said in a press release filed with exchanges on Tuesday.

The awarded contract is valued at ₹154.60 crore and covers tolling sections between Km 190.000 and Km 292.000 across Gujarat on the eight-lane access-controlled corridor.

Contract Scope and Financial Terms

Under the mandate, Highway Infrastructure will manage toll collection at the Moti Naroli, Ena and Gandevi fee plazas, along with upkeep of associated public amenities, including toilet blocks.

The accepted daily remittance stands at ₹1.71 crore, and the contract will be executed over a period of 90 days, as per the company’s disclosure.

Commenting on the development, Arun Kumar Jain, Managing Director of Highway Infrastructure Limited, said the award strengthens the company’s presence in strategic, access-controlled highway corridors and supports its expansion in toll operations and infrastructure management.

Highway Infrastructure Stock Market Snapshot

At the close of trade on February 17, shares of Highway Infrastructure settled at ₹57.81 on the NSE, up ₹3.64 or 6.72% compared with the previous close of ₹54.17.

The stock opened at ₹55.42 and touched an intraday high of ₹60.47 and a low of ₹55.37 during the session.

The company’s market capitalisation stood at approximately ₹414.62 crore. The stock has a 52-week high of ₹131.40 and a 52-week low of ₹49.49. Its price-to-earnings (P/E) ratio is 10.46, according to exchange data.

Source:

• https://www.bseindia.com/xml-data/corpfiling/AttachLive/811b5068-5e7d-4c80-b6af-25b1334314c9.pdf
• https://www.bseindia.com/stock-share-price/highway-infrastructure-ltd/hilinfra/544477/corp-announcements/