Highway Infrastructure accelerates order momentum with Rs. 64.68 Crores Toll Contract from NHAI

Highway Infrastructure, an integrated infrastructure development and management company with strong capabilities across Toll Operations, EPC Infrastructure and Real estate, is pleased to announce another significant addition to the order book with the receipt of Letter of Award (LOA) from the National Highways Authority of India (NHAI) for engagement as the user-fee agency at the Mundka Fee Plaza, a strategically significant Urban Extension Road-11 (UER-11) corridor connecting Delhi and Haryana.

The project, valued at Rs. 64.68 Crores, covers the operation and collection of user fees at the Mundka Toll Plaza located at km 22+750 on NH-344M and NH-344N, along with the upkeep and maintenance of associated facilities, including toilet blocks and consumables. The contract carries an execution period of 3 months from commencement. Given the corridor's high passenger traffic and freight movement, the plaza is expected to deliver strong and predictable revenue visibility.

This award adds to a series of recent wins, including multiple toll contract extensions, significantly strengthening HIL's order book and future revenue visibility. The company's sustained momentum in securing national highway tolling projects positions it well for scaled bidding in larger, higher-yield opportunities. HIL continues to advance its competitive position through the adoption of technology-driven tolling systems such as ANPR-based collection, which further solidifies its positioning in the tolling and O&M segment.

Speaking on the development Mr. Arun Kumar Jain, Managing Director, Highway Infrastructure Limited said: "We are pleased to secure the Mundka Fee Plaza contract, which strengthens HIL's footprint in the toll operations segment and reinforces our focus on asset-light and scalable revenue model. With this order, along with multiple wins secured recently, our order book continues to gain strength and visibility. Going forward, our strategy includes bidding for expressway toll projects and newly developed toll plazas that offer higher upside potential, while exploring expansion opportunities in Gujarat, Assam and the wider North-East region, which are emerging as key growth corridors in India's highway network. These initiatives reflect our longterm commitment to strengthening HIL's presence across national corridors and supporting India's infrastructure development agenda."

Shares of Highway Infrastructure Limited was last trading in BSE at Rs. 53.33 as compared to the previous close of Rs. 54.48. The total number of shares traded during the day was 20458 in over 375 trades.

The stock hit an intraday high of Rs. 55.74 and intraday low of 53.00. The net turnover during the day was Rs. 1112649.00.

Source : Equity Bulls

Keywords

HighwayInfrastructure INE00RL01028 RoadAssets Toll Hybrid Annuity TollContract NHAi