Highway Infrastructure Wins ₹220.66 Crore UPEIDA Toll Contract

Date of Disclosure: 16th September, 2026

Core Announcement – Order Details

Awarding Entity: Uttar Pradesh Expressways Industrial Development Authority (UPEIDA)

Domestic/International Order: Domestic

Nature of Order/Contract: Collection of User Fees and Operation of Toll Plazas along with deployment of 04 number of Patrol-cum-safety vehicles with required personnel manning these vehicles for Gorakhpur Link Expressway.

Order Value:

• First Year Value: ₹105,07,77,777/- (Rupees One Hundred and Five Crore Seven Lakh Seventy Seven Thousand Seven Hundred Seventy Seven only)
• Second Year Value: Subject to 10% annual escalation
• Total Contract Value: ₹220,66,33,332/- (Rupees Two Hundred and Twenty Crore Sixty Six Lakh Thirty Three Thousand Three Hundred Thirty Two only)

Materiality Context: Not Specified

Execution Timeline: 02 Years (Two Years)

Revenue Recognition / Billing Structure:

• First year fixed amount of ₹105,07,77,777
• Second year subject to 10% escalation per annum
• Payment structure not specified beyond annual amounts

Key Terms & Payment Milestones:

• Escalation clause: 10% per annum after first year
• Specific payment milestones not disclosed

Whether Related Party Transaction: No

Promoter Group Involvement: No

Financial Implication: Not Specified