Highway Infrastructure Secures Rs. 65 Crore Toll Contract from NHAI
Filing Summary
Highway Infrastructure Ltd has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for a toll contract valued at Rs. 65 Crores. The contract involves toll operations at the Mundka Fee Plaza on the Urban Extension Road-11 corridor, connecting Delhi and Haryana. The project includes toll collection and maintenance of associated facilities over a three-month period. This award adds to the company’s recent order wins totaling approximately Rs. 495 Crores, enhancing its order book and revenue visibility.
Highway Infrastructure Ltd has announced the receipt of a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for a toll contract valued at Rs. 65 Crores. The contract pertains to the operation and collection of user fees at the Mundka Fee Plaza, located on the Urban Extension Road-11 (UER-11) corridor, which connects Delhi and Haryana. The project involves the upkeep and maintenance of associated facilities, including toilet blocks and consumables.
The financial terms of the contract specify a total value of Rs. 65 Crores. This award is part of a series of recent wins for Highway Infrastructure Ltd, contributing to a significant increase in the company’s order book. Over the past two months, the company has secured multiple orders worth approximately Rs. 495 Crores, with Rs. 425.50 Crores attributed to new toll contracts. These developments enhance the company’s future revenue visibility.
The scope of the project includes the operation of the Mundka Toll Plaza at km 22+750 on NH-344M and NH-344N. The contract covers the collection of user fees and the maintenance of related facilities. The corridor is noted for high passenger traffic and freight movement, which is expected to provide consistent revenue streams. The company employs advanced technology-driven tolling systems, such as ANPR-based collection, to enhance operational efficiency.
The Mundka Fee Plaza contract is part of Highway Infrastructure Ltd’s strategy to expand its presence in the toll operations segment. The company is actively pursuing opportunities in expressway toll projects and newly developed toll plazas. It is also exploring expansion in regions such as Gujarat, Assam, and the wider North-East, which are emerging as key growth corridors in India’s highway network.
The contract has an execution period of three months from commencement. Highway Infrastructure Ltd continues to strengthen its competitive position in the tolling and operations and maintenance (O&M) segment through strategic bidding and technology adoption.
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, facilitating efficient transportation and connectivity.
Highway Infrastructure Ltd is an infrastructure development and management company with operations across tollways collection, EPC projects, and real estate. The company leverages advanced technology for efficient toll operations and high-quality project execution. It operates in 11 states and 1 Union Territory, 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.