Highway Infrastructure Stock Up More Than 5% After Award of ₹3 Crore EPC Orders for E-Bus Projects

Indore, October 6, 2025: The shares of Highway Infrastructure Limited (NSE: HILINFRA, BSE: 544477) rose more than 5% on Monday morning’s trading session after securing the two new major EPC orders of ₹3 crore each from Atal Indore City Transport Services Limited (AICTSL) under the PM-eBus Seva scheme. The stock had bounced back from its 52-week low of ₹78.46 dated October 1, 2025, indicating better investor confidence following the recent order wins.

Established in 2006 and headquartered in Indore, Highway Infrastructure Limited operates across 11 states and one Union Territory, engaging in tollway management, engineering, procurement, and construction (EPC) projects, as well as real estate development. The company has steadily expanded its footprint, combining infrastructure expertise with diversified development initiatives. The company uses cutting-edge technology to execute tolling and high-standard project execution, making it a major contender in India’s sustainable infrastructure and green mobility markets.

Stock Performance

As of 11:05 a.m. IST on 6 October 2025, Highway Infrastructure Limited shares were trading at ₹84.68, marking a gain of ₹4.62 or 5.77% for the day. The stock opened at ₹81.25, reached an intraday high of ₹86.35, and a low of ₹81.25. Its market capitalization stood at ₹606.04 crore, with no price-to-earnings (P/E) ratio or dividend yield declared. The stock has a 52-week range of ₹78.46 to ₹131.40, and no quarterly dividend has been announced.

New EPC Contracts for E-Bus Depots

Highway Infrastructure Limited has won contracts for external electrification systems at e-bus charging stations in Nayta Mundla and Dewas Naka (Niranjanpur), Indore, valued at ₹1.96 crore and ₹1.09 crore, respectively. The projects cover supply, installation, testing, and commissioning of the electrification systems, with a completion timeline set for March 2026.

PM-eBus Seva Program and Industry Opportunity

The PM-eBus Seva initiative aims to modernise public transport in Indian cities by introducing electric buses and establishing robust charging infrastructure. The scheme offers financial and operational incentives, creating significant opportunities for infrastructure and service providers in India’s rapidly growing electric vehicle (EV) sector.

Increased Order Book and Growth

After these orders, Highway Infrastructure’s consolidated order book amounts to ₹778 crore, an increase of 47% year-on-year. Of this, ₹587.1 crore, or 75%, is in EPC projects and ₹191.1 crore, or 25%, is in toll projects. Orders in EPC alone have increased 41% year-on-year, which indicates the firm’s strategic emphasis on strengthening its core project execution strength.

Management Commentary

Arun Kumar Jain, MD, said that the new PM-eBus Seva contracts reinforce the strength of the company’s EPC book in electrification. He highlighted the company’s emphasis on enabling India’s journey to cleaner transportation and the balance bouquet of toll and EPC projects as drivers of long-term growth.

REF:https://nsearchives.nseindia.com/corporate/HIGHWAY123_04102025181932_HIL_PressRelease_041025.pdf

https://nsearchives.nseindia.com/corporate/HIGHWAY123_03102025170742_HIL_Reg_30_Nayta_mundla.pdf

https://nsearchives.nseindia.com/corporate/HIGHWAY123_03102025170524_HIL_Reg_30_Dewas_Naka.pdf

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