Highway Infrastructure Secures Rs. 154 Crore NHAI Contract
Filing Summary
Highway Infrastructure Limited has received a Letter of Acceptance valued at Rs. 154 Crore for operations at the Moti Naroli Fee Plaza in Gujarat. The contract was awarded by the National Highways Authority of India (NHAI) on February 16, 2026. The scope includes the operation and collection of user fees at multiple fee plazas along the Vadodara-Mumbai Expressway. The contract is to be executed within 90 days. No related party transactions are involved, and the promoter group has no interest in the awarding entity.
Highway Infrastructure Limited has announced the receipt of a Letter of Acceptance from the National Highways Authority of India (NHAI) for a contract valued at Rs. 154 Crore. The contract pertains to the operation and collection of user fees at the Moti Naroli Fee Plaza, located in the state of Gujarat. The award was issued on February 16, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The contract involves the engagement of a user fee agency at several fee plazas along the Vadodara-Mumbai Expressway. These include the Moti Naroli Fee Plaza at Km 969.096, Ena Fee Plaza at Km 1005.426, and Gandevi Fee Plaza at Km 1032.991. The expressway sections covered are from Km 279.00 to Km 292.00, Km 254.430 to Km 279.000, Km 217.500 to Km 254.430, and Km 190.000 to Km 217.500. The contract also includes the upkeep and maintenance of adjacent toilet blocks, including the recouping of consumable items.
The contract is to be executed within a period of 90 days. It is a domestic contract, and there are no related party transactions involved. The promoter or promoter group companies of Highway Infrastructure Limited do not have any interest in the entity that awarded 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 road infrastructure.
Highway Infrastructure Limited focuses on infrastructure development, particularly in the construction and management of highways and related facilities. The company aims to enhance its operational capabilities through strategic contracts and partnerships in the infrastructure sector.