Highway Infrastructure Limited has announced receiving a significant contract from the National Highways Authority of India (NHAI) for fee plaza operations in Andhra Pradesh. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Details and Scope

The Letter of Acceptance (LOA) carries a value of Rs 35,43,99,930, representing a substantial addition to the company's order book. The contract encompasses operations at Venkatapalem User Fee plaza, strategically positioned at kilometer 35+400 along the Vijayawada Bypass corridor.

Project Specifications

The engagement involves user fee agency services through e-tender for the Venkatapalem User Fee plaza. This plaza serves the 6-laning project of Vijayawada Bypass, spanning from Gollapudi (Km 30+000) to Chinnakakani (Km 47+881). The project includes a major bridge construction across the Krishna river in the Vijayawada Gundagolanu section of National Highway-16.

Additionally, the contract encompasses upkeep and maintenance responsibilities for adjacent toilet blocks, including recouping consumable items. This comprehensive scope demonstrates the integrated nature of highway infrastructure services required for modern toll plaza operations.

Regulatory Compliance and Transparency

The company has confirmed that this contract does not constitute a related party transaction and has been awarded at arm's length. No promoter or promoter group companies have any interest in NHAI, the entity awarding the contract. This ensures complete transparency and adherence to corporate governance standards.

Strategic Significance

The 90-day execution timeline indicates an immediate revenue opportunity for Highway Infrastructure Limited. The contract represents the company's continued engagement with NHAI, India's premier highway development authority, strengthening its position in the toll plaza operations segment.

This development aligns with the ongoing infrastructure expansion in Andhra Pradesh, particularly along the critical NH-16 corridor that connects major commercial centers. The Vijayawada Bypass project, being a significant infrastructure initiative, positions the company strategically within India's expanding highway network.

Highway Infrastructure Limited has announced the signing of a significant contract agreement with the National Highways Authority of India (NHAI) for the operation of Katiyara Fee Plaza in Bihar. The contract, valued at ₹15,63,99,930, represents a major business development for the infrastructure company.

Contract Details and Timeline

The company entered into the contract agreement on March 20, 2026, following the receipt of a Letter of Acceptance (LOA) on February 25, 2026. The takeover of the fee plaza operations is scheduled for April 5, 2026, with the entire contract to be executed within a 90-day timeframe.

Project Scope and Location

The contract encompasses the operation and collection of user fees at Katiyara Fee Plaza, strategically located at Km 77+821 of Village-Katiyara in District-Rohtas, Bihar. This fee plaza is part of the larger four-laning project of the Pararia-Mohania section of NH-319 (formerly NH-30), spanning from Km 54+530 to Km 115+330.

Key Responsibilities

Under the contract terms, Highway Infrastructure Limited will be responsible for:

• Operation and collection of user fees at the designated plaza
• Upkeep and maintenance of adjacent toilet blocks
• Recouping consumable items as part of facility management

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD-PoD2/CIR/P/0155/2024 dated November 11, 2024. The company confirmed that this is a domestic contract with no related party transactions involved, and promoter groups have no interest in the awarding entity.

Business Impact

This contract award strengthens Highway Infrastructure Limited's position in the toll plaza operations segment. The 90-day execution timeline indicates an immediate revenue opportunity, with operations set to commence in early April 2026. The contract represents the company's continued engagement with NHAI for infrastructure operations across India's expanding highway network.