Highway Infrastructure Limited Withdraws Fee Plaza Operations, Incurs Penalty
Highway Infrastructure Limited announced the withdrawal of its Letter of Acceptance (LOA) for the Venkatapalem Fee Plaza in Andhra Pradesh. The decision was made by the Board of Directors on March 26, 2026.As a result of withdrawing the LOA, the National Highway Authority of India (NHAI) imposed a penalty of Rs. 26,33,000 on the company. The penalty is due within three days of the notice.
The company reported no other material impact on its financial, operational, or other activities beyond the Rs. 26,33,000 penalty.
Details Regarding the Penalty
| Particulars | Details |
|---|---|
| Authority | National Highway Authority of India (NHAI) |
| Penalty Amount | Rs. 26,33,000 |
| Payment Due Date | Within 03 days from the date of the notice |
| Reason for Withdrawal | Withdrawal of Letter of Acceptance (LOA) for Venkatapalem Fee Plaza in Andhra Pradesh |
| Impact | Nil, except for the penalty amount of Rs. 26,33,000 |
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