Highway Infrastructure Limited Secures ₹28.69 Crore NHAI Contract for Kozhinjipatti Toll Plaza in Tamil Nadu

Highway Infrastructure Limited (HILINFRA) has officially received a Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI) for a commercial user fee operation contract in the state of Tamil Nadu, valued at ₹28,68,99,930 (Rupees Twenty-Eight Crore Sixty-Eight Lakhs Ninety-Nine Thousand Nine Hundred and Thirty Only).

Contract Scope and Key Operational Terms

The domestic contract awarded by the NHAI engages Highway Infrastructure Limited as the official user fee agency through an e-tender process.

The core operational scope of the contract includes:

Fee Plaza Operations: Collection of user fees and toll management at the Kozhinjipatti Fee Plaza, located at Km 392+921 along the Dindigul-Samayanallur section (from Km 373+726 to Km 426+775, with actual chainage from Km 368+147 to Km 421+196) on National Highway-44 (Old NH-7) in Tamil Nadu.

Facility Maintenance: Upkeep and ongoing maintenance of the adjacent toilet blocks at the plaza location, including the regular recouping and replenishment of essential consumable items.

Execution Timeline: The contract is slated to be executed over a period of 90 days.

Shares of Highway Infrastructure Limited was last trading in BSE at Rs. 44.00 as compared to the previous close of Rs. 43.49. The total number of shares traded during the day was 5312 in over 66 trades.

The stock hit an intraday high of Rs. 44.95 and intraday low of 43.01. The net turnover during the day was Rs. 231212.00.

Source : Equity Bulls

Keywords

HighwayInfrastructure INE00RL01028 RoadAssets Toll Hybrid Annuity NHAI LOA