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 from the National Highways Authority of India (NHAI) valued at Rs. 32,00,77,777 (approximately Rs. 32.01 crore). The contract is for operating and collecting user fees at the Jawar Fee Plaza on the Mathura to Devinagar Bypass (NH-530B) in Uttar Pradesh for a period of one year. The scope also includes upkeep and maintenance of adjacent toilet blocks. This is a domestic government contract with no related party involvement.
This is a new, recurring-revenue style contract from a government client (NHAI), adding to the company's order book. The one-year duration provides short-term revenue visibility, though the contract size is modest. Positive sentiment for the stock as it confirms ongoing business wins in the highway infrastructure space.