Highway Infrastructure Limited Secures Rs 28.69 Crores Toll Operations Contract from NHAI

Highway Infrastructure Limited Secures Rs 28.69 Crores Toll Operations Contract from NHAI​

Highway Infrastructure Limited (HIL), an integrated infrastructure development and management company specializing in toll operations, EPC projects, and real estate, has secured a Letter of Acceptance valued at Rs 28.69 crores from the National Highways Authority of India (NHAI). The contract pertains to the operation and collection of user fees at the Kozhinjipatti Fee Plaza, located on the Dindigul-Samayanallur section of NH-44 in Tamil Nadu.

The scope of work for HIL includes toll collection operations as well as the upkeep and maintenance of adjacent facilities, including recouping consumable items. This contract spans a period of 90 days. The Kozhinjipatti Fee Plaza is strategically positioned on India's longest national highway, offering crucial connectivity to Madurai and southern Tamil Nadu, thereby supporting sustained activity from passenger, freight, and tourism traffic.

This contract significantly enhances HIL's revenue visibility and expands its operational footprint within South India. With a demonstrated track record in execution across various states, the company is well-positioned to capitalize on growth opportunities emerging within India’s expanding road infrastructure sector.

Arun Kumar Jain, Managing Director of Highway Infrastructure Limited, commented on the achievement. He stated that securing this toll operations contract from NHAI further strengthens HIL's tollway collection portfolio and reflects the confidence placed in the company's execution capabilities by leading infrastructure authorities.

Mr. Jain added that the award enhances revenue visibility and marks a step toward building a scaled and diversified toll operations platform across India. The management reiterated its focus on expanding presence along key national corridors, strengthening operating capabilities, and maintaining commitment to disciplined execution to create sustainable long-term value for shareholders.

HILINFRA Stock Price Movement​

At 10:51 AM in live trading, shares of Highway Infrastructure Limited shed 0.41%, currently dipping to ₹43.8. The stock has seen activity totaling 6,757 shares so far today.