Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
The contract, awarded by a domestic entity, entails the operation and collection of user fees at designated fee plazas, along with the upkeep and maintenance of adjacent toilet blocks, including the replenishment of consumable items.
According to the company’s filing, the project is expected to be executed within 90 days. The total contract value stands at Rs 11.76 crore (Rupees Eleven Crore Seventy-Six Lakh Thirty Thousand only).
The company clarified that neither the promoters nor the promoter group have any interest in the awarding entity, and the contract does not constitute a related-party transaction.
This latest win strengthens Highway Infrastructure’s presence in India’s highway operations and maintenance segment, particularly in user fee collection and asset management under the Hybrid Annuity Model (HAM) framework.
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.
Shares of Highway Infrastructure shed 0.15% to Rs 78.10 on the BSE.
As part of the contract, the company will be responsible for user fee collection along this 80.64 km stretch of the expressway, as well as the upkeep and maintenance of adjacent toilet blocks, including recouping the consumable items.
The total value of the order stands at Rs 25,26,30,000 and the project is scheduled to be completed within 90 days.
The company also clarified that neither the promoters nor any member of the promoter group has any interest in the awarding authority. The company also stated that the deal does not fall under related party transactions as defined by applicable regulations.
The scrip rose 0.21% to Rs 80.29 on the BSE.