Highway Infrastructure Limited Withdraws Letter of Acceptance for Andhra Pradesh Fee Plaza
Highway Infrastructure Limited announced that its management has decided to withdraw the Letter of Acceptance (LOA) that had been issued by the National Highway Authority of India (NHAI) for the operations of the Venkatapalem Fee Plaza in the state of Andhra Pradesh.The withdrawal comes in the context of the company's involvement with the fee plaza project. Following the non-acceptance of the LOA, NHAI has debarred the Company from the list of pre-qualified bidders. This debarment status includes all directors and owners for a duration of three months.
The impact of this action is that the Company is currently not eligible to participate in NHAI tenders for a period of three months.
The details concerning this debarment have been outlined as follows:
| Particulars | Detail |
|---|---|
| Regulatory Authority | National Highway Authority of India (NHAI) |
| Approval Status Change | Non-acceptance of the LOA; NHAI debarred the Company from the list of pre-qualified bidders. |
| Impact on Listed Entity | The Company has been debarred for a period of three months from the list of pre-qualified bidders. |
| Reason for Action | Due to non-acceptance of the LOA. |
| Period of Ineligibility | Three (3) months. |
The Company previously issued intimations regarding this LOA on March 26, 2026, and April 02, 2026.
HILINFRA Stock Price Movement
Highway Infrastructure Limited shares today slipped by 0.18% to settle at ₹50.02 in post-market trading. The equity saw 157,951 shares trade during the session, closing below its day's high of ₹51.5.Source:
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