HILINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Highway Infrastructure Limited has withdrawn the Letter of Acceptance (LOA) issued by the National Highway Authority of India (NHAI) for operating and collecting user fees at the Venkatapalem Fee Plaza in Andhra Pradesh, citing that the project is not commercially valuable. As a result of not accepting the LOA, NHAI has imposed a penalty of Rs. 26.33 lakhs on the company. The company clarified there was no delay or default in any payment, and the financial impact is limited to this penalty amount. This is a follow-up to an earlier intimation filed on April 02, 2026.
The financial hit is minimal at just Rs. 26.33 lakhs, but the decision signals that the company is walking away from an NHAI toll project it judged unprofitable. Shareholders should note the company's selectivity on new contracts, though loss of a potential revenue stream from the toll plaza could be a slight negative.