Deals18 Sept 2026, 10:14 am
Highway Infrastructure Secures ₹220.66 Cr Toll Contract
AI Summary
Highway Infrastructure Limited (HIL) has secured a two-year toll collection and allied operations contract for the Gorakhpur Link Expressway from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA). The contract is valued at Rs. 220.66 crore, with Rs. 105.08 crore payable in the first year and a 10% escalation in the second year. This award strengthens HIL's tollway portfolio and expands its operational footprint. The Gorakhpur Link Expressway is a significant infrastructure project aimed at enhancing connectivity and economic activity in Eastern Uttar Pradesh. HIL plans to leverage its expertise and technology to improve toll collection efficiency and operational effectiveness.
Key Highlights
- Secured ₹220.66 crore toll operations contract for Gorakhpur Link Expressway.
- Contract duration is two years, with potential extension.
- Enhances revenue visibility and expands toll operations footprint.
- Strengthens HIL's position in India's road infrastructure sector.
Price Impact
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