Business Update8 Oct 2026, 07:30 pm
Highway Infrastructure Bags ₹24.46 Cr Work Order for Velanchettiyur Fee Plaza
AI Summary
Highway Infrastructure Ltd has entered into a Contract Agreement for the operation and collection of user fee at the Velanchettiyur Fee Plaza in Tamil Nadu. The work order, awarded by the National Highways Authority of India (NHAI), is for a period of 90 days and has a broad consideration of ₹24,45,99,930 (₹24.46 Crore). This contract is for the engagement of a User Fee Collection Agency and includes the upkeep and maintenance of adjacent toilet blocks. The company had previously received a Letter of Acceptance (LOA) for this operation on September 30, 2026.
Key Highlights
- Secured a work order for Velanchettiyur Fee Plaza operations.
- Contract value stands at ₹24.46 Crore.
- Agreement duration is 90 days.
- NHAI is the awarding entity.
- Includes user fee collection and maintenance services.
Price Impact
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