Highway Infrastructure Ltd secures Rs. 69.68 Crores EPC Order from Indore Development Authority for Urban Road Development

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 it has received a Letter of Award (LOA) from the Indore Development Authority (IDA) for a key road development project under Town Planning Scheme-08.

The project involves the development of the Kumedi-Lasudiya Mori corridor up to A.B. Road, a strategically important stretch that supports Indore's expanding urban mobility and planned growth initiatives. The order valued at Rs. 69.68 crores (plus applicable GST) carries an execution timeline of 2.5 years.

This win further strengthens HIL's presence in Madhya Pradesh's fast-growing urban infrastructure landscape and enhances the Company's revenue visibility. The project also aligns with HIL's strategic focus on expanding its EPC portfolio across high-potential urban and regional growth corridors while partnering with government agencies on transformative development programs.

Order Book Strengthens Significantly with New Order Wins

The Company's total consolidated order book as reached to Rs. 1,144 crores as on date. The EPC order book has recorded a growth of 52% since March 2025, from Rs. 417 crores to Rs. 633 crores, while the Tollways collection order book has grown by 348% since March 2025, from Rs. 114 crores to Rs. 510 crores as on date.

Speaking on the development, Mr. Arun Kumar Jain, Managing Director, Highway Infrastructure Limited said: "We are delighted to secure this significant EPC mandate from the Indore Development Authority. The project reinforces our strong execution capabilities and deep understanding of urban infrastructure development. It not only strengthens our footprint in Madhya Pradesh but also advances our strategic objective of diversifying into high-growth, opportunity-rich urban corridors.

With a clearly defined 2.5-year execution timeline, this project enhances order book visibility, improves portfolio quality, and reduces geographic and segmental concentration risks. Our continued participation in government-led development initiatives positions HIL to benefit meaningfully from India's accelerating urbanization, strengthening our commitment to delivering sustainable growth and long-term value for all stakeholders."

Shares of Highway Infrastructure Limited was last trading in BSE at Rs. 55.82 as compared to the previous close of Rs. 54.80. The total number of shares traded during the day was 22555 in over 244 trades.

The stock hit an intraday high of Rs. 56.06 and intraday low of 54.64. The net turnover during the day was Rs. 1243834.00.

Source : Equity Bulls

Keywords

HighwayInfrastructure INE00RL01028 RoadAssets Toll Hybrid Annuity OrderWin EPC