Toll Trouble: Highway Infrastructure Withdraws Andhra Plaza Deal, Faces NHAI Fine

Highway Infrastructure Ltd announced that its board decided to withdraw from the Venkatapalem Fee Plaza project, leading to a financial penalty imposed by NHAI. The disclosure was made under SEBI’s Regulation 30 compliance norms.  

Key Highlights  

• Highway Infrastructure Ltd withdrew from Venkatapalem Fee Plaza operations  
• NHAI imposed Rs. 26.33 lakh penalty for non-acceptance of LOA  
• Payment due within three days of notice  
• Company states no further operational or financial impact beyond penalty 

Sources: Highway Infrastructure Ltd regulatory filing, SEBI disclosure