Announcement under regulation 30 of SEBI LODR regarding handover of the Katiyara fee plaza
HILINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Highway Infrastructure Limited has formally handed back the work order for operating and collecting user fee at the Katiyara Fee Plaza in Bihar, originally issued by the National Highway Authority of India (NHAI) on April 5, 2026. The company stated the contract was not commercially valuable or profitable, making it not in the interest of the company. The formal handover was completed on May 5, 2026 at 8:00 AM. This follows earlier intimations filed in February and March 2026 indicating the company's intent to exit the project. The company had determined the project economics did not justify continued involvement.
The termination removes a potentially loss-making contract from the company's order book, which could be seen as a positive move to protect margins. However, it also represents a loss of future revenue from a government infrastructure project.