Legal2 April 2026 at 03:41 pm
Highway Infrastructure Ltd Faces Penalty of Rs. 26 Lakhs from NHAI
AI Summary
Highway Infrastructure Ltd has received a show cause notice from the National Highway Authority of India (NHAI) due to the withdrawal of the Letter of Acceptance (LOA) for the operations of Venkatapalem Fee Plaza in Andhra Pradesh. This decision has led to a penalty of Rs. 26,33,000 imposed on the company. The company is requested to take note of this information.
Key Highlights
- Highway Infrastructure Ltd received a show cause notice from NHAI
- The company withdrew the Letter of Acceptance (LOA) for the operations of Venkatapalem Fee Plaza in Andhra Pradesh
- NHAI imposed a penalty of Rs. 26,33,000 on the company
- The penalty was imposed due to the withdrawal of the LOA
- The company is requested to take note of this information