Highway Infrastructure Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the execution of a contract agreement.
The company entered into a Contract Agreement on 21st August 2026 for the operation of Palayam Fee Plaza at Km 154+500 of NH-44 in the Krishnagiri to Thumbipadi section (from Km 94+000 to Km 180+000) on a Build-Operate-Transfer (BOT) basis in the State of Tamil Nadu. This follows the company's earlier intimation dated 17th August 2026 regarding receipt of the Letter of Acceptance (LOA) for this project.
Contract Details
- Awarding Entity: National Highways Authority of India (NHAI)
- Contract Nature: Work Order for operation and collection of user fee at Palayam Fee Plaza
- Significant Terms:
- Engagement of User Fee Collection Agency on the basis of E-Quotation through E-Tender
- Upkeep/maintenance of adjacent toilet blocks including recouping consumable items
- Geographic Scope: Domestic entity and domestic operation
- Execution Time Period: 90 days
- Contract Value: ₹80,16,99,930/- (Rupees Eighty Crore Sixteen Lakhs Ninety-Nine Thousand Nine Hundred and Thirty Only)
- Promoter Interest: No interest of promoter/promoter group companies in the entity that awarded the contract
- Related Party Transaction: Does not fall within related party transactions