Deals26 Mar 2026, 09:49 am
Highway Infrastructure Ltd Secures Rs. 35 Crores Contract for Venkatapalem Fee Plaza Operation in Andhra Pradesh
AI Summary
Highway Infrastructure Ltd has been awarded a Letter of Acceptance (LOA) for operating at Venkatapalem fee plaza in Andhra Pradesh, with a contract value of Rs. 35,43,99,930. The contract, awarded by the National Highways Authority of India (NHAI), involves the engagement of user fee agency for a 6-laning project of Vijayawada Bypass from Gollapudi to Chinnakakani, including a major bridge across river Krishna. The company is expected to upkeep and maintain adjacent toilet blocks and recoup consumable items.
Key Highlights
- Highway Infrastructure Ltd secures a contract worth Rs. 35 crores for Venkatapalem Fee Plaza operation in Andhra Pradesh.
- The contract is awarded by the National Highways Authority of India (NHAI) for a 6-laning project of Vijayawada Bypass.
- The project includes a major bridge across river Krishna and upkeep/maintenance of adjacent toilet blocks.
- The contract period is for 90 days, commencing upon fulfillment of necessary requirements.
- No related party transactions or promoter interests are involved in this contract.