Highway Infrastructure Limited (HIL), a prominent player in the infrastructure sector, has clinched a significant contract from the National Highways Authority of India (NHAI) for operations related to the Delhi-Vadodara Expressway spur. The company announced that it has received a Letter of Acceptance (LOA) for this project, valued at ₹18.97 crore.

Contract Details

The contract involves the operation of a 4-Lane Greenfield Expressway spur connecting the Delhi-Vadodara Greenfield expressway near Bandikui to Jaipur in the state of Rajasthan. This project will be executed under the Hybrid Annuity Mode, a public-private partnership model that has gained traction in recent years for infrastructure development.

Scope of Work

As per the announcement, HIL's responsibilities will include:

1. Engagement in user fee collection for the expressway spur
2. Upkeep and maintenance of adjacent toilet blocks, including replenishing consumable items

The contract stipulates a 90-day timeframe for execution, highlighting the urgency and importance of the project.

Financial Implications

The total value of the contract stands at ₹18.97 crore (Eighteen Crores Ninety-Seven Lakhs only). This substantial amount underscores the scale and significance of the project for both HIL and the development of the Delhi-Vadodara Expressway corridor.

Company's Growth Trajectory

This latest contract win comes on the heels of another significant award received by Highway Infrastructure Limited. Just a day earlier, the company secured a contract for the operation of the Muzaina Hetim Fee Plaza in Uttar Pradesh, valued at ₹69.78 crore. These back-to-back contract wins demonstrate HIL's strong position in the infrastructure sector and its ability to secure major projects from NHAI.

Market Impact

The announcement of these contracts is likely to have a positive impact on investor sentiment towards Highway Infrastructure Limited.

Conclusion

As India continues to focus on expanding and improving its highway network, companies like Highway Infrastructure Limited play a crucial role in the operation and maintenance of these vital infrastructure projects. The recent contract wins not only boost HIL's order book but also contribute to the broader goal of enhancing India's road infrastructure, particularly in the strategically important Delhi-Vadodara corridor.

Highway Infrastructure Limited (HIL) has announced the launch of its latest residential real estate project, 'Neww York City Phase-4', in Indore, Madhya Pradesh. The company made the official announcement on August 28, 2025, marking a significant expansion of its real estate portfolio in the region.

Project Details

The new development, spanning approximately 174,582.40 sq.ft., is strategically located opposite SAGE University on Rau-Bypass, Indore. HIL has secured the necessary approvals for the project, including the RERA registration number P-IND-25-5864, ensuring compliance with regulatory standards.

Market Focus and Location

'Neww York City Phase-4' is primarily targeted at the domestic market, catering to the growing demand for residential properties in Indore. The choice of location, opposite SAGE University, suggests a focus on accessibility and potential appeal to students, faculty, and families looking for housing near educational institutions.

Corporate Disclosure

In line with regulatory requirements, Highway Infrastructure Limited disclosed the project launch through a formal announcement to the stock exchanges. The company made the disclosure in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Overview

Highway Infrastructure Limited, with its registered office in Indore, continues to strengthen its presence in the real estate sector. The launch of 'Neww York City Phase-4' demonstrates the company's ongoing commitment to expanding its residential project portfolio and capitalizing on the real estate opportunities in Madhya Pradesh.

As the real estate market in Tier 2 cities like Indore continues to evolve, projects such as 'Neww York City Phase-4' may play a crucial role in meeting the rising housing demands and contributing to urban development in the region.