Highway Infrastructure Ltd strengthens Toll Operations Portfolio with Rs. 32.00 Crores Contract

Highway Infrastructure ("HIL"), an integrated infrastructure development and management company with strong capabilities across Toll Operations, EPC Infrastructure and Real estate, is pleased to announce the receipt of Letter of Award (LOA) from the National Highways Authority of India (NHAI) for operation at Jawar Fee Plaza at Km 37.100 of Mathura to Devinagar Bypass in the state of Uttar Pradesh.

The LOA, valued at Rs. 32.00 crores, strengthens the Company's toll operations portfolio and enhances revenue visibility over the contract period. The mandate involves engagement for user fee collection and operations management for one year, including upkeep and maintenance of adjacent toilet blocks and consumables, on NH-530B in Uttar Pradesh.

Speaking on the development, Mr. Arun Kumar Jain, Managing Director, Highway Infrastructure Limited said: "We continue to strengthen our toll operations portfolio with the receipt of new Letter of Award valued at Rs. 32.00 crores for one year in Uttar Pradesh. With this new order addition, the consolidated order book now exceeds Rs. 1,000.00 crores, enhancing revenue visibility, supporting margin stability and further strengthening our execution track record with awarding authorities.

The Company remains focused on expanding its presence across key national corridors. With a healthy pipeline of upcoming opportunities and our proven operating capabilities, we remain committed to delivering growth and creating long-term value for shareholders."

Shares of Highway Infrastructure Limited was last trading in BSE at Rs. 58.66 as compared to the previous close of Rs. 59.86. The total number of shares traded during the day was 17361 in over 301 trades.

The stock hit an intraday high of Rs. 61.00 and intraday low of 58.39. The net turnover during the day was Rs. 1022730.00.

Source : Equity Bulls

Keywords

HighwayInfrastructure INE00RL01028 RoadAssets Toll Hybrid Annuity LOA