Highway Infrastructure Limited has informed the Exchange about Bagging/Receiving of orders/contracts
HILINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Highway Infrastructure Limited has received a work order worth approximately ₹14.60 crore (plus applicable GST) from Sacham Highway Real Estates Private Limited. The scope covers construction and development work for a residential colony project called 'Beverly Greens' (plots) in Indore, to be completed over 2 years. The order was awarded by a domestic entity. Importantly, the company's promoter/promoter group has an interest in the awarding entity, making this a related party transaction, though the company states it is conducted at arm's length and in the ordinary course of business. The disclosure is made under SEBI Listing Regulations.
The order adds modest revenue visibility over the next 2 years, but because it is a related party transaction, retail investors should review the terms carefully. The ₹14.60 crore size is relatively small and is unlikely to materially move the stock on its own.