Highway Infrastructure Secures Rs. 32 Crore NHAI Toll Contract
Filing Summary
Highway Infrastructure Ltd has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for a toll operations contract valued at Rs. 32 crores. The contract involves user fee collection and operations management at Jawar Fee Plaza on NH-530B in Uttar Pradesh for one year. This addition increases the company’s consolidated order book to over Rs. 1,000 crores. The project includes maintenance of adjacent facilities, enhancing the company’s toll operations portfolio. The contract is part of Highway Infrastructure’s strategy to expand its presence in key national corridors.
Highway Infrastructure Ltd has announced the receipt of a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for a toll operations contract. The contract is valued at Rs. 32 crores and pertains to the operation of the Jawar Fee Plaza located at Km 37.100 on the Mathura to Devinagar Bypass in Uttar Pradesh. The contract is set for a duration of one year and involves comprehensive toll operations management.
The financial terms of the contract specify a total value of Rs. 32 crores. This addition to the company’s portfolio increases its consolidated order book to over Rs. 1,000 crores. The contract is expected to provide revenue visibility over the contract period, although specific payment structures or schedules are not detailed in the filing. The contract is a significant addition to the company’s existing operations in the toll management sector.
The scope of the contract includes user fee collection and operations management at the Jawar Fee Plaza. The responsibilities extend to the upkeep and maintenance of adjacent toilet blocks and the provision of consumables. These operations are to be conducted on NH-530B in Uttar Pradesh. The contract is part of the company’s ongoing efforts to enhance its toll operations portfolio and maintain operational excellence in infrastructure management.
The filing indicates that the contract aligns with Highway Infrastructure’s strategic focus on expanding its presence across key national corridors. The company operates in 11 states and 1 Union Territory, leveraging advanced technology for efficient toll operations. The addition of this contract is consistent with the company’s strategy to capitalize on emerging opportunities in India’s infrastructure sector.
The implementation of the contract is scheduled for a one-year period, starting from the date of the LOA. The involved parties include Highway Infrastructure Ltd and the National Highways Authority of India. The filing does not specify exact commencement dates or detailed milestones but confirms the contract’s duration and scope.
National Highways Authority of India (NHAI) is responsible for the development, maintenance, and management of national highways in India. It plays a critical role in the country’s infrastructure development, focusing on enhancing road connectivity and facilitating efficient transportation networks.
Highway Infrastructure Ltd is an integrated infrastructure development and management company. It specializes in toll operations, EPC infrastructure, and real estate. The company is strategically positioned to leverage its capabilities across these sectors, focusing on expanding its footprint in key national corridors and enhancing its operational portfolio. The company is guided by an experienced leadership team, emphasizing project delivery and operational excellence.