Highway Infrastructure Limited has received the formal acceptance letter for its major infrastructure development contract worth ₹69.69 crores from the Indore Development Authority (IDA). The company had previously announced this significant order win through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has now confirmed receipt of the official acceptance letter.

Contract Details and Scope

The awarded contract encompasses the development of road infrastructure under Town Planning Scheme-08, covering the route from Kumedi to Lasudiya Mori (up to A.B. Road) in Indore. The project represents a comprehensive road development initiative in one of Madhya Pradesh's key urban centers.

Performance Security Requirements

The contract includes substantial performance security obligations that demonstrate the project's significance and the authority's commitment to ensuring timely completion. The company must provide multiple layers of security coverage throughout the project duration.

Regulatory Compliance and Project Status

With the receipt of the acceptance letter, the company has moved closer to project commencement. The company has fulfilled all mandatory disclosure requirements under SEBI regulations, confirming that this is a domestic contract with no related party implications. Key regulatory aspects include:

• No promoter or promoter group interest in the awarding entity
• Contract does not fall under related party transactions
• Full compliance with SEBI Master Circular dated November 11, 2024
• Domestic entity classification for the awarding authority
• Formal acceptance letter now received from IDA

Strategic Significance

The receipt of the acceptance letter marks a significant milestone for Highway Infrastructure Limited, confirming the project's progression toward execution. This contract reinforces the company's position in the regional infrastructure development sector. The 30-month execution timeline provides the company with substantial revenue visibility, while the project's location in Indore aligns with the company's operational base in Madhya Pradesh. The substantial contract value of nearly ₹70 crores represents a significant addition to the company's order book and demonstrates its capability to secure major municipal infrastructure projects.

Highway Infrastructure Limited has secured a substantial contract worth ₹328.00 crore from the National Highways Authority of India (NHAI), representing a major milestone in the company's highways operations segment. The contract was awarded through a competitive bidding process for toll collection and operational services.

Contract Details and Scope

The comprehensive agreement covers the operation and collection of user fees at the Kaza Fee Plaza, strategically located on the Chilakaluripet–Vijayawada section of National Highway-16 in Andhra Pradesh. The contract encompasses the following key parameters:

Operational Responsibilities

Under the terms of the agreement, Highway Infrastructure Limited will assume comprehensive operational control of the fee plaza. The company's responsibilities extend beyond basic toll collection to include:

• Operation and management of user fee collection systems
• Upkeep and maintenance of adjacent toilet block facilities
• Regular replenishment of consumable items at the facilities
• Overall operational management of the 82.5 km highway stretch

Contract Timeline and Implementation

The contract formalization process followed a structured timeline, demonstrating efficient project execution. Highway Infrastructure Limited entered into the formal contract agreement on January 8, 2026, following receipt of the letter of acceptance in December 2025. According to the company's regulatory filing, operations at the fee plaza are scheduled to commence on January 23, 2026.

Corporate Governance and Compliance

The company has confirmed full compliance with corporate governance standards regarding this contract award. Key compliance aspects include:

• The contract was awarded by a domestic entity (NHAI)
• Neither the promoter nor promoter group has any interest in the awarding authority
• The transaction does not fall under related party transactions
• All regulatory filing requirements have been met

Market Performance

Despite the positive contract announcement, Highway Infrastructure Limited's shares experienced a decline on January 8, 2026. The stock closed at ₹58.18 on the NSE, representing a decrease of 3.19% for the trading session.