Highway Infrastructure Secures ₹10.9 Million Order Alongside EPC Contracts For E-Bus Charging In Indore

Highway Infrastructure Ltd has announced a new order valued at ₹10.9 million, further strengthening its project pipeline in the urban transport sector. This follows the company’s recent success in securing two Engineering, Procurement, and Construction (EPC) contracts from Atal Indore City Transport Services Ltd (AICTSL) for e-bus charging infrastructure at Dewas Naka Depot and Nayta Mundla. The contracts and the new order are part of India’s broader push to electrify public transport and reduce carbon emissions.

 

Key highlights  

- The ₹10.9 million order adds to Highway Infrastructure’s expanding portfolio in urban infrastructure services  

- The Dewas Naka Depot EPC contract is valued at ₹1.08 crore and includes external electrification for e-bus charging  

- The Nayta Mundla project, worth ₹1.96 crore, involves similar EPC services and is scheduled for completion within four months  

- All contracts were awarded by AICTSL under the PM E-Bus Seva scheme  

- The infrastructure will support Indore’s growing electric bus fleet and improve depot readiness

 

Notable updates  

- Highway Infrastructure’s share price rose 4 percent following the announcements, indicating positive investor sentiment  

- The company is expected to complete all EPC works within the stipulated four-month timeline  

- AICTSL is actively upgrading depot infrastructure to accommodate next-generation mobility solutions  

- The new order complements Highway Infrastructure’s strategic focus on sustainable transport and electrification

 

Sources: Business Standard, ScanX News, Angel One Market Updates, AICTSL official announcements, company filings on BSE