Indore, January 15, 2026: Highway Infrastructure Limited has received a Letter of Acceptance for a road development project valued at ₹69.69 crore (excluding GST) from the Indore Development Authority, strengthening its order book in the urban infrastructure segment.
Project Scope and Value
The contract involves the development of road infrastructure under Town Planning Scheme-08, covering the stretch from Kumedi to Lasudiya Mori up to A.B. Road in Indore. The total consideration for the project stands at ₹69,68,72,954.73, with execution scheduled over a 30-month period.Key Commercial Terms
| Particulars | Details |
|---|---|
| Project Awarding Authority | Indore Development Authority |
| Nature of Work | Road development under Town Planning Scheme-08 |
| Project Value | ₹69.69 crore plus applicable GST |
| Execution Timeline | 30 months |
| Performance Security | ₹3.48 crore (5%) |
| Additional Performance Security | ₹6.68 crore (7.87%) |
| Promoter Interest | None |
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