Deals23 Oct 2026, 08:50 pm
Highway Infra Wins ₹340 Cr Palayam Fee Plaza Contract
AI Summary
Highway Infrastructure Limited has received a Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI) for the operation of the Palayam Fee Plaza in Tamil Nadu. The contract is valued at Rs. 3,40,07,77,777/- (Rupees Three Hundred Forty Crore Seven Lakh Seventy-Seven Thousand Seven Hundred Seventy-Seven Only) and has a tenure of one year. The scope includes user fee collection and upkeep of adjacent toilet blocks. This award signifies a significant business development for the company in the infrastructure sector.
Key Highlights
- Received LOA for Palayam Fee Plaza operations in Tamil Nadu.
- Contract value is Rs. 340.08 Crore for one year.
- Awarded by National Highways Authority of India (NHAI).
- Scope includes user fee collection and maintenance.
- Represents a significant new business award.
Price Impact
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