Highway Infrastructure Secures Rs 6.18 Crore Toll Contract Extension
Filing Summary
Highway Infrastructure Ltd has secured a contract extension from the National Highways Authority of India (NHAI) for toll operations on the 4-Lane Greenfield Expressway spur from the Delhi–Vadodara Greenfield Expressway in Rajasthan. The extension is valued at Rs 6.18 crores and extends the toll fee collection period by one month. This development is part of the company’s ongoing engagement with NHAI and includes continued management of toll operations and maintenance activities. The contract extension enhances Highway Infrastructure’s operational revenue and short-term cash flow visibility.
Highway Infrastructure Ltd has announced a contract extension from the National Highways Authority of India (NHAI) for toll operations on the 4-Lane Greenfield Expressway spur from the Delhi–Vadodara Greenfield Expressway in Rajasthan. The contract, initially set for 90 days, has been extended by one month and is valued at Rs 6.18 crores. This extension involves the continued management of toll operations, facility upkeep, and maintenance activities as per the original mandate.
The financial terms of the contract extension include a total value of Rs 6.18 crores. This amount is allocated for the additional one-month period of toll fee collection. The extension contributes to the company’s operating revenue base and enhances the visibility of short-term cash flows within its tolling portfolio. The contract value reflects the company’s ongoing engagement with NHAI and its role in managing toll operations on a significant expressway in Rajasthan.
The scope of the contract extension includes the continued management of toll operations, facility upkeep, and maintenance activities. Highway Infrastructure Ltd is responsible for ensuring efficient toll collection and maintaining the infrastructure as per the original contract terms. The extension reaffirms the company’s operational capabilities and compliance standards, as recognized by NHAI. The company is tasked with delivering consistent service and maintaining the expressway’s operational standards during the extended period.
The contract extension is part of Highway Infrastructure Ltd’s broader engagement with NHAI and its strategic focus on expanding its presence in the toll operations sector. The company has recently secured a significant work contract valued at Rs 328.77 crores, indicating its growing order book and scale in toll operations. The extension aligns with the company’s strategy to enhance its toll operations portfolio and capitalize on emerging opportunities in the infrastructure sector.
The timeline for the contract extension is an additional one-month period beyond the initial 90-day engagement. Highway Infrastructure Ltd will continue its toll operations on the expressway spur during this extended period. The company is responsible for maintaining the operational standards and ensuring efficient toll collection throughout the extension.
About National Highways Authority of India (NHAI): NHAI is responsible for the development, maintenance, and management of national highways in India. It plays a crucial role in the country’s infrastructure development, focusing on expanding and modernizing the national highway network to facilitate efficient transportation and connectivity.
About Highway Infrastructure Ltd: Incorporated in 2006, Highway Infrastructure Ltd is a leading infrastructure development and management company with diversified operations across tollways collection, EPC projects, and real estate. The company operates in 11 states and 1 Union Territory, leveraging advanced technology for efficient toll operations and high-quality project execution. Guided by an experienced leadership team, Highway Infrastructure Ltd is strategically positioned to capitalize on emerging opportunities in India’s infrastructure and urban transport sectors.