Highway Infrastructure Wins ₹80.17 Crore NHAI Contract; Shares Rise 4.14%

Mumbai August, 18: Highway Infrastructure Limited has received a Letter of Acceptance from the National Highways Authority of India (NHAI) for toll collection operations at Palayam Fee Plaza on NH-44 in Tamil Nadu, with the contract valued at ₹80.17 crore.

According to the company’s exchange disclosure, the contract covers user fee collection at the plaza located on the Krishnagiri-Thoppur section of NH-44, between Km 94+000 and Km 180+000. The assignment has been awarded on a build, operate and transfer basis.

The contract period is 90 days, with the company set to undertake toll collection operations along the highway stretch.

Palayam Fee Plaza is positioned on an important highway corridor connecting parts of Tamil Nadu with Bengaluru, Hosur, Dharmapuri and surrounding industrial areas. The company said the location supports passenger movement, freight traffic and logistics activity.

Stock Market Snaphshot

The Highway Infrastructure share price gained during Tuesday’s trading session following the contract announcement.

As of 3:57 PM IST on August 18, 2026, the stock was trading at ₹46.30, up ₹1.84, or 4.14%, according to the market data provided.

The stock moved around the ₹46 level for much of the session, with some volatility during the afternoon. It touched a session high of around ₹46.90 before finishing near ₹46.30 at the latest available timestamp.

The gain came as the company announced the new NHAI mandate, adding another toll collection contract to its operating portfolio.

Highway Infrastructure Expands Toll Operations Portfolio

Highway Infrastructure operates across toll operations, EPC infrastructure and real estate, with its toll collection business forming a key part of its infrastructure services portfolio.

The company said the latest contract strengthens its presence on an important national highway corridor and adds to its toll operations business. Management also highlighted the use of technology to improve toll collection processes and operational execution.

The Palayam Fee Plaza assignment further extends the company’s exposure to highway-linked traffic and revenue collection operations in southern India.

Conclusion

Highway Infrastructure has secured an ₹80.17 crore contract from NHAI for toll collection operations at Palayam Fee Plaza on NH-44 in Tamil Nadu.

The 90-day assignment covers the Krishnagiri-Thoppur section and strengthens the company’s presence in toll operations across an important freight and passenger corridor.

Shares responded positively to the disclosure, with Highway Infrastructure trading 4.14% higher at ₹46.30 as of 3:57 PM IST on August 18, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/HILINFRA/Highway-Infrastructure-Limited
• https://nsearchives.nseindia.com/corporate/HIGHWAY123_18082026155234_Hil_Pressrelease_palayam_18082026.pdf