Highway Infrastructure Limited has informed the Exchange about Bagging/Receiving of orders/contracts
HILINFRA · price
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Highway Infrastructure Limited has received a Letter of Acceptance (LOA) worth Rs. 35,43,99,930 (approximately Rs. 35.44 crores) from the National Highways Authority of India (NHAI). The contract involves operating as the user fee collection agency at the Venkatapalem Fee Plaza on NH-16 in the Vijayawada Bypass section in Andhra Pradesh, for a period of 90 days. The scope also includes upkeep and maintenance of adjacent toilet blocks. The order is domestic, awarded by a government entity, and is not a related-party transaction.
This is a positive development as the company has bagged a new toll operations contract from a reputed government agency (NHAI), adding to its order book. The short 90-day duration suggests this may be a transitional/bridge contract, so investors should watch for longer-tenure follow-on contracts for sustained revenue impact.