Announced Thu, 9 Apr · 22:51 IST
HIL withdraws NHAI LOA for Venkatapalem Fee Plaza; debarred 3 months
HILINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.7%1-day move
₹50.02
prior close
₹50.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+1.2+2.5+1.6+2.7+9.5+10.5+14.0+13.3+11.9+4.8+4.9-5.0-8.5
Up moveDown movePending
AI summary
Highway Infrastructure Ltd (HILINFRA) has decided not to accept the Letter of Acceptance (LOA) from NHAI for operating the Venkatapalem Fee Plaza in Andhra Pradesh. As a result, NHAI has debarred the company and all its directors/owners from the list of pre-qualified bidders for three months. During this period, HIL cannot participate in any NHAI tenders, limiting its access to government highway projects.
Likely market impact
Negative: company barred from NHAI tenders for 3 months, restricting access to new government highway contracts during the debarment period.