Highway Infrastructure Limited has informed the Exchange about Bagging/Receiving of orders/contracts
HILINFRA · price
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Highway Infrastructure Limited has signed a contract agreement with Indore Development Authority (IDA) for development of road under Town Planning Scheme-08 from Kumedi to Lasudiya Mori (up to A.B. Road) in Indore. The total contract value is Rs. 69.69 crore plus applicable GST, to be executed over 30 months. The company has furnished a 5% performance security of Rs. 3.48 crore and an additional 7.87% performance security of Rs. 6.68 crore. The order follows the Letter of Acceptance received earlier on January 15, 2026, and is a domestic government contract with no related party involvement.
This is a meaningful order win from a government client that adds to the company's order book, providing revenue visibility over the next 30 months. Positive for the stock as it strengthens the company's order pipeline in its core infrastructure business.