Highway Infrastructure Limited has made a regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding receipt of a work order from the National Highways Authority of India (NHAI).
The company received a Work Order and entered into a Contract Agreement with NHAI on October 08, 2026, for the operation and collection of user fees at the Velanchettiyur Fee Plaza in Tamil Nadu. This follows a Letter of Acceptance (LOA) received earlier. The contract has a value of ₹24.46 crore.
The specific project involves the Velanchettiyur Fee Plaza located on the four-lane Karur-Dindigul section of NH-7 in Tamil Nadu. The scope of work includes toll fee collection as well as upkeep and maintenance of adjacent toilet facilities, including replenishment of consumables.
The project execution period is 90 days. According to management commentary from Mr. Arun Kumar Jain, Managing Director, this contract strengthens the company's footprint in Southern India and aligns with its strategy of expanding across high-traffic national highway corridors. The company states that this continues to enhance their medium-term revenue visibility and underscores their proven execution capabilities.
The disclosure was signed by Palak Rathore, Company Secretary & Compliance Officer (Membership No. A-73755), and was submitted to both BSE Limited and the National Stock Exchange of India Ltd.