Highway Infrastructure Limited has received a Letter of Acceptance from the National Highways Authority of India (NHAI) for operations at Palayam Fee Plaza in Tamil Nadu. The contract value is ₹80,16,99,930 (Rupees Eighty Crore Sixteen Lakhs Ninety-Nine Thousand Nine Hundred and Thirty Only).
The Letter of Award was issued by NHAI on 17th August, 2026. The disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD-PoD2/CIR/P/0155/2024 dated November 11, 2024.
Contract Details:
- Awarding Entity: National Highways Authority of India (NHAI)
- Project Location: Palayam Fee Plaza at Km 154+500 of NH-44 in Krishnagiri to Thumbipadi section from Km 94+000 to Km 180+000
- Nature of Contract: Engagement of User Fee Collection Agency on E-Quotation basis through E-Tender
- Scope of Work: Operation and collection of user fee at Palayam Fee Plaza, plus upkeep/maintenance of adjacent toilet blocks including recouping consumable items
- Contract Basis: Build-Operate-Transfer (BOT) basis
- Execution Timeline: 90 days
- Entity Type: Domestic entity
- Consideration: ₹80,16,99,930/-
Corporate Governance Aspects:
- The promoter/promoter group companies have no interest in NHAI
- The contract does not qualify as a related party transaction
- The transaction is at arm's length
The disclosure was signed by Palak Rathore, Company Secretary & Compliance Officer (Membership No. A-73755) on behalf of Highway Infrastructure Limited.