New Launch20 Feb 2026, 06:31 pm
Highway Infrastructure Ltd Secures Contract Agreement for TPS-08 Development in Indore
AI Summary
Highway Infrastructure Ltd has entered into a Contract Agreement for the execution of Town Planning Scheme-08 from Kumedi to Lasudiya Mori (up to A.B. Road), Indore. The contract is valid for 30 months with a total consideration of Rs. 69,68,72,954.73 plus applicable GST. The company had previously received a letter of Acceptance from Indore Development Authority (IDA) for this development.
Key Highlights
- Highway Infrastructure Ltd secures Contract Agreement for TPS-08 development in Indore
- The contract is valid for 30 months with a total consideration of Rs. 69,68,72,954.73 plus applicable GST
- The development is from Kumedi to Lasudiya Mori (up to A.B. Road), Indore
- The company had previously received a letter of Acceptance from Indore Development Authority (IDA) for this development
- The contract includes 5% Performance Security of Rs. 3,48,43,648/- and 7.87% Additional Performance Security of Rs. 6,67,76,941/