Rating Assignment
Infomerics Valuation and Rating Limited has assigned Highway Infrastructure Ltd (HIL) a long‑term IVR BBB+/Stable rating and a short‑term IVR A2 rating for its bank loan facilities amounting to Rs 200.88 crore. The agency cited HIL’s credible infrastructure platform, sound capital structure and robust order book as reasons for the rating, and affirmed a Stable outlook indicating medium‑term growth visibility.
Company Overview
Incorporated in 2006, Highway Infrastructure Ltd is an integrated infrastructure development and management firm operating in toll‑collection, EPC projects and real‑estate across 12 states and one Union Territory. The company leverages advanced technology for toll operations and emphasizes high‑quality project execution.
Management Commentary
Managing Director Arun Kumar Jain said the BBB+ rating reflects the strength of the business model, established execution capabilities and an improving financial profile. He highlighted the stronger balance sheet, robust order book across toll collection and EPC business, and reiterated the focus on timely execution, working‑capital management and expanding presence in infrastructure segments.
Outlook
The Stable outlook underscores HIL’s ability to secure new orders and continue project execution, positioning it to create long‑term value for stakeholders as India’s road and infrastructure sector expands.