Highway Infra Secures ₹24.46 Cr NHAI Toll Ops Contract in Tamil Nadu
Highway Infrastructure Limited received a ₹24.46 crore Work Order from NHAI for toll operations at the Velanchettiyur Fee Plaza in Tamil Nadu. The 90-day contract includes toll collection and facility maintenance. Managing Director Arun Kumar Jain noted this expands the company's tollway portfolio and enhances revenue visibility.
The contract value of ₹24.46 crore is significant for the company, contributing to its order book and revenue, but it is not a transformative deal for a large infrastructure company. The duration of 90 days also suggests a short-term impact.
The company has secured a new work order from NHAI, which is a positive development for its business operations and revenue streams.
Highway Infrastructure Limited (HIL) has announced it has received a Work Order and entered into a Contract Agreement with the National Highways Authority of India (NHAI) for the operation and collection of user fees at the Velanchettiyur Fee Plaza in Tamil Nadu. The contract, valued at ₹24.46 crore, was signed on October 08, 2026, following a Letter of Acceptance (LOA).
The scope of work involves the operation of the fee plaza on the four-lane Karur-Dindigul section of NH-7, including toll fee collection and the upkeep and maintenance of adjacent toilet facilities. The project is scheduled for execution over a period of 90 days.
Mr. Arun Kumar Jain, Managing Director of HIL, stated that this contract strengthens the company's presence in Southern India and expands its tollway collection portfolio. He highlighted that the continued success in securing and operationalizing tollway contracts enhances medium-term revenue visibility and demonstrates proven execution capabilities. The company has a healthy bidding pipeline and sees growing opportunities in the highway infrastructure sector, positioning it for order book expansion and sustainable growth.
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Highway Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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