Highway Infrastructure Secures Rs 80.17 Cr NHAI Toll Contract

Nikunj Parikh - Mumbai Bureau Aug 17, 2026 1,250 Views

Highway Infrastructure Limited has received an 80.17 crore rupee Letter of Acceptance from the National Highways Authority of India. The 90-day contract covers user fee collection and facility maintenance at the Palayam Fee Plaza along National Highway 44 in Tamil Nadu, extending from the Krishnagiri to Thumbipadi stretch.

NEW DELHI — Highway Infrastructure Limited announced on August 17, 2026, that it has received a Letter of Acceptance (LOA) valued at Rs 80,16,99,930 (Rupees Eighty Crore Sixteen Lakhs Ninety-Nine Thousand Nine Hundred and Thirty Only) from the National Highways Authority of India (NHAI). The contract covers user fee collection and facility maintenance at the Palayam Fee Plaza in Tamil Nadu.

The regulatory filing, submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirms that the award was issued by the state highway authority following an e-tender process. The project strengthens the company's footprint in commercial road transport management along key interstate transit routes in southern India.

Terms of the NHAI Agreement

According to official regulatory filings submitted to stock exchanges, the contract spans a operational window of 90 days. Under the agreed terms, Highway Infrastructure Limited will serve as the designated User Fee Collection Agency at Km 154+500 of National Highway 44 (NH-44).

The contract encompasses the Krishnagiri to Thumbipadi section, covering Km 94+000 to Km 180+000 operated on a Build-Operate-Transfer (BOT) basis in Tamil Nadu. Beyond standard electronic tolling operations, the scope of work includes the upkeep and routine maintenance of adjacent public toilet blocks, along with the continuous recouping of consumable items across the site.

Market and Governance Transparency

In compliance with disclosure guidelines issued by the Securities and Exchange Board of India (SEBI), Highway Infrastructure Limited verified that neither its promoter nor promoter group entities hold any financial interest in the awarding authority. Furthermore, the company reported that the transaction does not fall under related party transactions and was conducted purely at an arm’s length basis.

The announcement was formally submitted by Company Secretary and Compliance Officer Palak Rathore to both BSE Limited and the National Stock Exchange of India Ltd.

Official Sources Section

The details published in this report reflect corporate regulatory announcements released directly by Highway Infrastructure Limited pursuant to SEBI regulations. Financial and operational oversight parameters mirror compliance frameworks established by the National Highways Authority of India alongside stock market disclosure standards administered by BSE Limited and the National Stock Exchange of India Ltd.

Quote Section

"According to officials from Highway Infrastructure Limited, the company received the formal Letter of Acceptance (LOA) for Rs 80,16,99,930 from the National Highways Authority of India on August 17, 2026, following the evaluation of competitive e-quotations submitted through the federal tender portal."

Why It Matters

The contract secures structured operational revenue for Highway Infrastructure Limited while ensuring continuous toll monitoring and maintenance along the high-traffic NH-44 corridor. For commercial transport operators, motorists, and interstate travelers passing through the Krishnagiri-Thumbipadi stretch, the assignment ensures standardized toll management, maintained sanitation amenities, and functional lane infrastructure.

Key Facts at a Glance

Contract Value: Rs 80,16,99,930 (Rs 80.17 crore) awarded by NHAI.
Location: Palayam Fee Plaza at Km 154+500 of NH-44 (Krishnagiri to Thumbipadi section) in Tamil Nadu.
Execution Period: Designated operational timeline of 90 days.
Scope: Electronic fee collection and maintenance of adjacent public amenities.

Frequently Asked Questions

What project did Highway Infrastructure Limited win?

Highway Infrastructure Limited secured a contract for user fee collection and sanitation facility maintenance at the Palayam Fee Plaza along NH-44 in Tamil Nadu.