Highway Infrastructure Ltd Secures Rs. 64 Crore Mundka Fee Plaza Contract
Filing Summary
Highway Infrastructure Ltd has entered into a contract with the National Highways Authority of India (NHAI) for the operation of the Mundka Fee Plaza. The contract, valued at approximately Rs. 64 Crore, involves the collection of user fees and maintenance of adjacent facilities. The company will assume control of the fee plaza on February 26, 2026, with a 90-day execution timeline. This contract does not involve any related party transactions, and no interest from the promoter group is reported.
Highway Infrastructure Ltd has finalized a contract with the National Highways Authority of India (NHAI) for the operation of the Mundka Fee Plaza located at Km 22+750. The agreement was signed on February 10, 2026, following the receipt of a Letter of Acceptance on January 19, 2026. The company is scheduled to take over operations on February 26, 2026.
The contract involves the collection of user fees at the Mundka Fee Plaza, which is part of the project development for UER-11 (NH-344M & NH-344N) in Delhi and Haryana. Additionally, the contract includes the upkeep and maintenance of adjacent toilet blocks, ensuring the recouping of consumable items. The total consideration for this contract is Rs. 64,68,99,930.
The contract has been awarded by a domestic entity, and the nature of the order is domestic. The execution period for the contract is set at 90 days. There are no related party transactions involved in this contract, and the promoter or promoter group companies have no interest in the entity awarding the contract.
The National Highways Authority of India (NHAI) is responsible for the development, maintenance, and management of national highways in India. It plays a crucial role in the expansion and modernization of the country’s highway infrastructure, facilitating efficient transportation and connectivity.
Highway Infrastructure Ltd focuses on infrastructure development projects, particularly in the road and highway sector. The company engages in various projects that involve construction, operation, and maintenance of infrastructure assets, contributing to the enhancement of transportation networks across India.