Highway Infrastructure Ltd secures a Letter of Acceptance (LOA) worth Rs 3.29 billion from NHAI for a key highway project. This substantial order bolsters the firm's toll operations and EPC portfolio, signaling robust demand in India's expanding road network amid FY26 capex surge.
Road to Riches Unfolds
Highway Infrastructure Ltd, a Madhya Pradesh-based infra specialist in tollways, EPC, and real estate, receives a blockbuster LOA valued at Rs 3.29 billion. Likely from NHAI for operations, maintenance, or development of a strategic highway stretch, it aligns with the company's expertise in user fee collection and asset management using advanced tech like ETC/ANPR.
Key Highlights:
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Order Value: Rs 3.29 billion, enhancing order book beyond Rs 666 crore as of May 2025.
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Core Focus: Toll collection, upkeep of plazas/toilets on high-traffic routes, typical 90-365 day execution.
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Strategic Fit: Builds on recent wins like Rs 252 Cr Rajasthan expressway and Rs 117 Cr MP HAM project.
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Financial Edge: Tollways drove 77% FY25 revenue; FY25 net profit Rs 22 Cr on Rs 496 Cr turnover.
This cements Highway Infra's growth trajectory. Stocks in focus!
Sources: Business Standard, NSE Disclosures, Marketscreener