The company has received a letter of acceptance from the National Highways Authority of India for the project as attached herewith.
MADHAVIPL · price
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Madhav Infra Projects has received a Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI) for a highway four-laning project. The work involves the section of NH-146 from Rahatgarh to Berkhedi in Madhya Pradesh, covering 10.079 km. The accepted bid price is Rs. 323.82 crores, and the project will be executed on Hybrid Annuity Mode (HAM) over 730 days (about 2 years). It is a domestic government contract with no related-party involvement, and the order was disclosed on April 9, 2025 under SEBI Listing Regulations.
This is a sizeable new government order that strengthens the company's order book and provides revenue visibility for the next two years. For a small-cap infrastructure company, a Rs. 323+ crore NHAI contract is a positive development likely to be well-received by the market.