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The order, awarded by a domestic entity, pertains to the operation and collection of user fees at the plaza. The contract is to be executed within 90 days. The promoter and promoter group have no interest in the entity awarding the contract, and the deal is not a related party transaction.
Highway Infrastructure is an infrastructure development and management company. The company is engaged in the business of tollway collection, EPC Infra, and real estate businesses.
The company reported a 96% year-on-year surge in consolidated net profit to Rs 6.41 crore for Q3 FY26, even as revenue from operations declined 9.2% to Rs 126.86 crore compared with Q3 FY25.
Shares of Highway Infrastructure rose 0.81% to Rs 56 on the BSE.
The order entails engagement of a user fee agency for collection of toll at Moti Narol Fee Plaza (Km 969.096), Ena Fee Plaza (Km 1005.426) and Gandevi Fee Plaza (Km 1032.991).
The project covers multiple packages of the eight-lane Vadodara–Mumbai Expressway, including the Ankleshwar–Manubar (Pkg-4), Kim–Ankleshwar (Pkg-5), Ena–Kim (Pkg-6) and Gandevi–Ena (Pkg-7) sections in Gujarat.
The scope of work includes operation and collection of user fee at the Moti Narol Fee Plaza, along with upkeep and maintenance of adjacent toilet blocks and replenishment of consumables.
The contract, awarded by a domestic entity, is valued at Rs 154.59 crore and is to be executed within 90 days.
The company clarified that neither the promoter nor promoter group entities have any interest in the awarding authority. It also confirmed that the contract does not fall under related-party transactions.
Highway Infrastructure are an infrastructure development and management company. The company is engaged in the business of tollway collection, EPC Infra and real estate businesses.
The order pertains to the operation and collection of user fees at the Kaza Fee Plaza, with the total contract value standing at Rs 328,77,77,777. The project is scheduled to be executed within one year.
The company also clarified that none of its promoters or members of the promoter group have any interest in the awarding entity. It added that the contract does not qualify as a related-party transaction under applicable regulatory norms.
Highway Infrastructure (HIL) is a Madhya Pradesh-based infrastructure development and management company. Its core operations span tollway collection, EPC infra projects, and real estate development. The firm has completed 27 tollway projects and currently operates 4, deploying advanced ETC and ANPR technologies.
The EPC arm has delivered over 66 projects across roads, bridges, and irrigation works under schemes such as PMAY and PMGSY. In real estate, HIL is expanding its footprint in Indore with residential and integrated township projects. For FY25, toll collection contributed over 77% of revenue, followed by EPC and real estate. As of 31 May 2025, the company’s order book stood at Rs 666.31 crore.
For the twelve months ended 31 March 2025, HIL reported a consolidated net profit of Rs 22.40 crore on revenue of Rs 495.72 crore.
The total value of the order stands at Rs 32,00,77,777 and the contract is to be executed within a period of one year.
The company clarified that neither its promoters nor members of the promoter group have any interest in the entity awarding the contract. It further stated that the transaction does not fall under related-party transactions under applicable regulatory norms.
The counter slipped 2% to Rs 58.66 on the BSE.
The contract also includes the upkeep and maintenance of adjacent toilet blocks, including replenishment of consumables. Valued at Rs 328.77 crore, the order is fully domestic in nature.
The company clarified that neither the promoter nor the promoter group has any interest in NHAI and that the contract does not fall under related-party transactions.