Deals18 Aug 2026, 03:49 pm
Highway Infrastructure Wins ₹80.17 Cr NHAI Toll Contract
AI Summary
Highway Infrastructure Limited (HIL) has secured a toll collection contract from the National Highways Authority of India (NHAI) for the Palayam Fee Plaza in Tamil Nadu. The contract, valued at ₹80.17 crore, is for user fee collection on NH-44, covering the Krishnagiri to Thumbipadi section. This 90-day contract strengthens HIL's presence in the southern region and is expected to boost its toll operations business. The company plans to leverage technology for enhanced operational efficiency and collection processes. This award is seen as a significant milestone, reinforcing HIL's execution capabilities and commitment to shareholder value.
Key Highlights
- Secured ₹80.17 crore toll collection contract from NHAI.
- Contract is for Palayam Fee Plaza on NH-44 in Tamil Nadu.
- Strengthens company's presence in Southern India.
- Focus on technology for operational efficiency.
- Reinforces execution capabilities and shareholder value.
Price Impact
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