Contract Details
Awarding Authority: National Highways Authority of India (NHAI)
Contract Type: Toll collection contract
Location: Palayam Fee Plaza at Km 154+500 of NH-44, covering Krishnagiri to Thumbipadi section from Km 94+000 to Km 180+000
State: Tamil Nadu
Contract Value: ₹80.17 crore
Contract Period: 90 days
Basis: Built-Operate-Transfer (BOT) basis
Strategic Significance
The contract enhances Highway Infrastructure's southern presence and expands their toll collection portfolio. The Palayam Fee Plaza is described as part of a crucial regional and long-distance traffic corridor in Tamil Nadu with connectivity to Bengaluru, Hosur, Dharmapuri and key industrial belts, supporting passenger movement, freight flow, and logistics activity.
Management Commentary
Mr. Arun Kumar Jain, Managing Director, stated: "We are pleased to receive the Letter of Acceptance from NHAI for the Palayam Fee Plaza on NH-44 in Tamil Nadu. This Rs. 80.17 crore contract is another important milestone in our growing toll collection business and strengthens our presence on a strategically important national highway corridor." He also mentioned the company's "technology-focused approach to enhance operational efficiency, improve collection processes and deliver reliable service standards."
Company Background
Highway Infrastructure Limited is described as an integrated infrastructure development and management company with capabilities across Toll Operations, EPC Infrastructure and Real estate. Incorporated in 2006, the company operates across 11 states and 1 Union Territory.
Disclaimer
The document includes standard forward-looking statement disclaimer noting risks from government actions, economic developments, industry risks, and other factors that could cause actual results to differ from expectations.