Highway Infrastructure Limited (HIL) has disclosed through a regulatory filing under Regulation 30 of SEBI Listing Regulations that it has received a Letter of Acceptance from the National Highways Authority of India (NHAI) for a toll operations contract valued at ₹28.69 crores.
The contract is for the operation and collection of user fees at the Kozhinjipatti Fee Plaza located on the Dindigul–Samayanallur section of NH-44 in Tamil Nadu. The scope includes toll collection operations along with upkeep and maintenance of adjacent facilities, including recouping consumable items, over a period of 90 days.
The Kozhinjipatti Fee Plaza is strategically positioned on India's longest national highway (NH-44) and provides critical connectivity to Madurai and southern Tamil Nadu, serving a diverse mix of passenger, freight and tourism traffic.
According to management commentary from Mr. Arun Kumar Jain, Managing Director, this contract strengthens the company's tollway collection portfolio, enhances revenue visibility, and expands the company's geographic footprint in South India. He stated that the company remains focused on expanding presence across key national corridors and building a diversified portfolio of high-quality mandates.
The company describes itself as an integrated infrastructure development and management company with capabilities across Toll Operations, EPC Infrastructure and Real estate, operating across 12 states and 1 Union Territory.
The disclosure includes a standard disclaimer noting that certain statements are forward-looking and subject to risks and uncertainties including government actions, local, political, or economic developments, industry risks, and other factors.