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Riddharth Jain is a non-independent director and promoter of the company. He holds a Bachelor of Architecture degree from Narsee Monjee Institute of Management Studies, Mumbai, and a Master of Science in Design from the University of Pennsylvania.
Riddharth Jain is the son of Arun Kumar Jain, the managing director of the company. He is not debarred from holding the office of director by any order from SEBI or any other competent authority.
Highway Infrastructure (HIL) is a Madhya Pradesh-based infrastructure development and management company. Its core operations span toll collection, EPC (Engineering, Procurement, and Construction) infrastructure projects, and real estate development. The firm has completed 27 tollway projects and currently operates four, deploying advanced ETC (Electronic Toll Collection) and ANPR (Automatic Number Plate Recognition) technologies.
The EPC division has delivered over 66 projects across roads, bridges, and irrigation works under government 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 the company’s 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.
Highway Infra (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.
Shares of Highway Infrastructure slipped 2.38% to close at Rs 90.78 on Friday, 05 September 2025.
The project will be carried out on a Hybrid Annuity Mode and is scheduled to be executed over a period of 90 days.
In a regulatory filing, Highway Infrastructure confirmed that none of its promoters, promoter group, or group companies have any interest in the awarding entity. The company also stated that the transaction does not constitute a related party transaction under applicable regulatory guidelines.
The scrip shed 0.08% to Rs 94.24 on the BSE.
The project is to be executed over a period of 365 days. In a regulatory filing, the company clarified that its promoters, promoter group, and group companies have no interest in the awarding entity and confirmed that the transaction does not qualify as a related party transaction under applicable regulatory norms.
The scrip rose 0.21% to Rs 94.52 on the BSE.
Shares of Highway Infrastructure (HIL) debuted on 12 August 2025 at Rs 117, marking a premium of 67.14% to the issue price of Rs 70. The IPO, which opened between 5 and 7 August 2025, was subscribed 300.61 times within a price band of Rs 65 to Rs 70 per share. Ahead of the listing, the company had raised Rs 23.39 crore from anchor investors by allotting 33.42 lakh shares at Rs 70 each to four institutional investors.
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.