Highway Infrastructure Limited Secures ₹24.46 Crore Toll Plaza Operation Contract
Highway Infrastructure Limited entered into a contract agreement on October 8, 2026, for the operation of Velanchettiyur Fee Plaza. Awarded by NHAI, the 90-day contract is valued at ₹24.46 crore for user fee collection and maintenance.
The contract value of ₹24.46 crore is significant and will contribute to the company's top line, but it represents a short-term engagement of 90 days.
The company has secured a new contract, which is expected to contribute to revenue and business growth.
Highway Infrastructure Limited has announced the formalization of a contract agreement on October 8, 2026, for the operation of the Velanchettiyur Fee Plaza in Tamil Nadu. This follows an earlier Letter of Acceptance (LOA) dated September 30, 2026.
The contract, awarded by the National Highways Authority of India (NHAI), is for the engagement of a User Fee Collection Agency. The scope of work includes the operation and collection of user fees at the Velanchettiyur Fee Plaza, located on the Karur to Dindigul Section of NH-7. Additionally, the contract encompasses the upkeep and maintenance of adjacent toilet blocks, including the supply of consumable items.
The contract is for a period of 90 days and has a broad consideration of ₹24,45,99,930 (Rupees Twenty-Four Crore Forty-Five Lakh Ninety-Nine Thousand Nine Hundred and Thirty Only). Neither the promoter nor promoter group companies have any interest in NHAI, and the contract does not fall under related party transactions.
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