Contract Details

Highway Infrastructure Limited received a Letter of Acceptance from the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for toll collection and allied operations on the Gorakhpur Link Expressway.

The contract covers:

  • Collection of user fees
  • Operation of toll plazas
  • Deployment of four patrol-cum-safety vehicles with required personnel

Contract Duration

The contract has been awarded for an initial period of two years, with a provision for extension of up to six months at UPEIDA's discretion.

Financial Details

Total contract value: Rs. 220.66 crore for the two-year period

Year-wise breakdown:

  • First year: Rs. 105.08 crore
  • Second year: 10% escalation over first year amount

Strategic Significance

The contract win strengthens HIL's tollway collection portfolio and expands its footprint across India's growing expressway network. The company highlighted that this enhances medium-term revenue visibility and demonstrates HIL's ability to execute large-scale toll management mandates.

Management Commentary

Mr. Arun Kumar Jain, Managing Director, stated that the company continues to invest in developing proprietary technology solutions aimed at improving toll collection efficiency, transaction accuracy, and operational effectiveness. He noted that with growing scale, proven execution capabilities, technology-led approach, and diversified operating footprint, HIL is well positioned to capitalize on emerging opportunities in India's expanding road infrastructure sector.

Project Significance

The Gorakhpur Link Expressway represents a transformational infrastructure initiative for Eastern Uttar Pradesh, enhancing regional connectivity, improving logistics efficiency, and unlocking new opportunities for trade, industry, and investment. The expressway is expected to accelerate economic activity and support sustainable development across the region.

Company Background

Highway Infrastructure Limited is an integrated infrastructure platform with capabilities across Tolling, EPC, and Real Estate. Incorporated in 2006, the company operates across 11 states and 1 Union Territory.

Disclaimer

The document includes forward-looking statements subject to risks and uncertainties including government actions, local/political/economic developments, industry risks, and other factors that could cause actual results to differ materially.