Highway Infrastructure Limited has informed the Exchange regarding a press release dated October 23, 2025, titled "Highway Infrastructure Limited Receives LOA worth ₹11.76 Crores for Toll Operations Contract by NHAI".
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Highway Infrastructure Limited has received a Letter of Award (LOA) valued at ₹11.76 Crores from the National Highway Authority of India (NHAI) for a toll operations contract. The LOA is a formal acceptance that typically precedes the signing of a final agreement for the project. This adds to the company's existing order book in the highway infrastructure and toll management space. The contract value of ₹11.76 Crores is a relatively modest order size, suggesting this is a single toll plaza or a limited-scope toll operations assignment rather than a large-scale highway project.
This is a positive but small-ticket win for the company, adding incremental revenue from NHAI, a credible government counterparty which reduces collection risk. Short-term stock impact is likely limited given the modest size, but consistent contract wins from NHAI reinforce the company's positioning in the toll operations segment.