Key Quantitative Figures

  • Total bank loan facilities rated: ₹200.88 crore
  • Long-Term Rating assigned: IVR BBB+/Stable
  • Short-Term Rating assigned: IVR A2

Dates of Action

  • Press release date: 28 July 2026
  • Regulatory filing date: 28 July 2026
  • Digital signature timestamp: 28 July 2026 at 10:14:30 IST

Parties Involved

  • Rated Entity: Highway Infrastructure Limited (HIL)
  • Rating Agency: Infomerics Valuation and Rating Limited
  • Company Representatives: Mr. Arun Kumar Jain (Managing Director), Palak Rathore (Company Secretary & Compliance Officer)
  • Investor Relations Contacts: Ernst & Young LLP (Abhishek Bhatt, Shrishti Tandon)

Rating Rationale

According to the press release, the rating reflects:

  • HIL's credibility as a growing infrastructure platform
  • Sound capital structure
  • Strong order book
  • The Stable Outlook underscores the company's growth visibility over the medium term
  • Ongoing project execution capabilities
  • Ability to secure new orders

Management Commentary

Mr. Arun Kumar Jain, Managing Director, stated: "We are pleased to receive the IVR BBB+/Stable rating from Infomerics, which reflects the strength of our business model, established execution capabilities and improving financial profile. The rating reflects our stronger balance sheet and robust order book across toll collection and EPC business. Our focus remains on timely execution, efficient working capital management and strengthening our presence across key infrastructure segments. With a strong order book and expanding opportunities in India's road and infrastructure sector, we remain well positioned to create long-term value for all stakeholders."

Company Background

Highway Infrastructure Limited was incorporated in 2006 (CIN: L42909MP2006PLC018398) and operates as an integrated infrastructure development and management company with capabilities across:

  • Toll Operations
  • EPC Infrastructure
  • Real estate

Geographic presence: Operations across 12 states and 1 Union Territory in India

Additional Information

Company website: www.highwayinfrastructure.in