Highway Infrastructure bags ₹340 Crore NHAI contract for Palayam Fee Plaza
Highway Infrastructure Limited received a Letter of Acceptance from NHAI for operations at Palayam Fee Plaza. The contract is valued at ₹340.08 crore for a period of one year.
The value of the contract is substantial (₹340.08 crore) and represents a significant new business win for the company, likely impacting its revenue and growth prospects.
The company has secured a significant new order from NHAI, which is a positive development for its business.
Highway Infrastructure Limited has announced the receipt of a Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI) for operations at Palayam Fee Plaza in Tamil Nadu.
The contract, valued at ₹3,40,07,77,777 (Rupees Three Hundred Forty Crore Seven Lakh Seventy-Seven Thousand Seven Hundred Seventy-Seven Only), involves the engagement of a user fee collection agency on a competitive bidding basis through e-tendering.
The scope of the contract includes user fee collection at Palayam Fee Plaza, located at Km 154/500 of NH-44 in Krishnagiri to Thumbipadi section, and the upkeep and maintenance of adjacent toilet blocks. The contract is for a period of one year.
The LOA was issued by NHAI on 23rd October, 2026. The company confirmed that the promoter and promoter group companies have no interest in NHAI, and the contract does not fall under related party transactions.
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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 high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Highway Infrastructure Limited. Read the original for the full detail.