Highway Infrastructure Ltd secures Contract Extension for Toll Operations worth Rs. 6.18 Crores

Highway Infrastructure ("HIL"), an integrated infrastructure development and management company with strong capabilities across Toll Operations, EPC Infrastructure and Real estate, is pleased to announce that the National Highways Authority of India (NHAI) has extended the Company's ongoing engagement of user fee collection on the 4-Lane Greenfield Expressway spur from the Delhi-Vadodara Greenfield Expressway in the state of Rajasthan.

The contract period for the engagement of toll fee collection was 90 days, which has now been further extended by one month and carries a contract value of Rs. 6.18 crores. The scope includes continued management of toll operations, facility upkeep and maintenance activities as per the original mandate.

The extension reaffirms HIL's operational capabilities and reflects the trust placed by NHAI in the Company's efficiency, compliance standards and service delivery. This development further strengthens HIL's operating revenue base and contributes positively to the visibility of short-term cash flows within its tolling portfolio.

Speaking on the development, Mr. Arun Kumar Jain, Managing Director, Highway Infrastructure Limited said: "This extension reflects our strong execution capabilities and further strengthens our toll operations portfolio. With emerging opportunities across the tolling ecosystem, we remain focused on expanding our presence across national corridors.

Recently, we secured the largest-ever single work contract of Rs. 328.77 crores, and with this additional onemonth contract extension valued at Rs. 6.18 crores, our Tollways collection order book continues to grow both in scale and depth.

With a robust pipeline of upcoming orders and our proven execution track record, we are confident of delivering growth and enhancing shareholder value going ahead."

Shares of Highway Infrastructure Limited was last trading in BSE at Rs. 64.65 as compared to the previous close of Rs. 62.09. The total number of shares traded during the day was 560764 in over 3303 trades.

The stock hit an intraday high of Rs. 70.15 and intraday low of 63.25. The net turnover during the day was Rs. 37647069.00.

Source : Equity Bulls

Keywords

HighwayInfrastructure INE00RL01028 RoadAssets Toll Hybrid Annuity UserFeeCollection ContractExtension