Highway Infrastructure Limited Signs Contract for Palayam Fee Plaza Operation on NH-44
Highway Infrastructure Limited has signed a contract agreement with the National Highways Authority of India (NHAI) for the operation and user fee collection at the Palayam Fee Plaza. The contract, finalized on August 21, 2026, pertains to the BOT basis operations of the plaza located on NH-44 in Tamil Nadu.The company’s agreement encompasses the engagement as a User Fee Collection Agency for the Palayam Fee Plaza. This facility is situated at Km 154+500 along the Krishnagiri to Thumbipadi section, covering the stretch from Km 94+000 to Km 180+000. The contract also includes responsibilities for the upkeep and maintenance of adjacent toilet blocks, including restocking consumable items.
The agreement marks a progression following an earlier notification concerning the receipt of the Letter of Acceptance (LOA) for the project.
Key Contract Details
The terms of the order awarded by NHAI to Highway Infrastructure Limited are detailed in the table below:| Particulars | Description / Detail |
|---|---|
| Awarding Entity | National Highways Authority of India (NHAI) |
| Nature of Order | Work Order for operation and collection of user fee at Palayam Fee Plaza. |
| Contract Basis | Engagement of User Fee Collection Agency on a BOT basis through E-Tender. |
| Project Scope | Operation and maintenance of the Plaza and adjacent Toilet blocks (Km 94+000 to Km 180+000 of NH-44). |
| Contract Value | Rs. 80,16,99,930/- (Rupees Eighty Crore Sixteen Lakhs Ninety-Nine Thousand Nine Hundred and Thirty Only) |
| Execution Timeline | 90 days |
Project Overview
The contract awarded by the domestic entity NHAI for the operation of the Palayam Fee Plaza is valued at Rs. 80,16,99,930/-. The contract terms confirm that there are no conflicts of interest or related party transactions associated with the work order.HILINFRA Stock Price Movement
Highway Infrastructure Limited shares gained 0.20% on Friday, closing at ₹45.76 after a solid session. The stock saw high of ₹46.24 during trading, with 61,045 shares changing hands in the market.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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