Highway Infrastructure Secures Rs. 28.69 Cr NHAI Toll Ops Contract
Highway Infrastructure Limited received a Letter of Acceptance from NHAI for toll operations at Kozhinjipatti Fee Plaza. The contract is valued at ₹28.69 crores and spans 90 days. This award enhances revenue visibility and expands the company's footprint in South India.
The contract value of ₹28.69 crores is significant, and while it enhances revenue visibility, its short duration of 90 days limits the long-term impact.
The company has secured a new contract, which is a positive development for its business operations and revenue.
Highway Infrastructure Limited (HIL) has received a Letter of Acceptance (LOA) valued at ₹28.69 crores from the National Highways Authority of India (NHAI).
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 of work includes toll collection operations and the upkeep of adjacent facilities for a period of 90 days. This contract enhances HIL's revenue visibility and expands its geographic presence in South India.
Mr. Arun Kumar Jain, Managing Director of Highway Infrastructure Limited, stated, "We are pleased to secure this toll operations contract from NHAI... This award enhances our revenue visibility and marks another step forward in building a scaled and diversified toll operations platform across India." He further added that the company remains focused on expanding its presence across key national corridors and building a diversified portfolio of high-quality mandates.
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