Highway Infrastructure Limited (HIL) has recently secured two significant contracts for the PM E-Bus Seva project, marking a notable development in the company's portfolio. These contracts, awarded by Atal Indore City Transport Services Limited (AICTSL), involve the supply, installation, testing, and commissioning of external electrification infrastructure for e-bus charging.

Contract Details

Highway Infrastructure Limited has entered into two separate contract agreements, both signed on October 15, 2025, with a four-month execution timeline. Here's a breakdown of the contracts:

Project Scope

Both projects fall under the PM E-Bus Seva initiative, focusing on enhancing the infrastructure for electric bus charging. The scope of work includes:

1. Supply of necessary equipment
2. Installation of charging infrastructure
3. Testing of the installed systems
4. Commissioning of the external electrification infrastructure

Financial Implications

The total value of these contracts amounts to Rs 3.05 crore, providing a significant boost to Highway Infrastructure Limited's order book. This development aligns with the growing emphasis on electric mobility in India's public transportation sector.

Execution Timeline and Terms

Key points regarding the execution of these projects include:

• Both contracts have a four-month execution timeline from the date of signing (October 15, 2025)
• Performance security of 3% is required for each contract
• Additional performance bank guarantees of 14% and 13% respectively are to be provided in the form of term deposit receipts

Market Impact

These contracts represent a strategic move for Highway Infrastructure Limited in the electric vehicle infrastructure sector. As India pushes towards cleaner public transportation, companies like HIL are positioning themselves to play crucial roles in developing the necessary infrastructure.

The successful execution of these projects could potentially open doors for similar contracts in other cities, as the demand for e-bus charging infrastructure is expected to grow across the country.

Investors and market watchers may keep a close eye on Highway Infrastructure Limited's performance in executing these contracts, as it could indicate the company's capability to handle similar projects in the future and its potential in the EV infrastructure space.

Highway Infrastructure Limited (HIL) has received a significant boost to its project portfolio with the approval of a ₹11.76 crore contract for a 4-lane highway project. The project, which involves the development of a section of National Highway 752D connecting Ujjain and Garoth in Madhya Pradesh, marks an important step in the company's growth trajectory.

Project Details

The company has provided key information about the project through a regulatory filing:

Scope of Work

The contract awarded to Highway Infrastructure Limited encompasses:

1. Engagement in user fee collection for the specified section of NH-752D
2. Upkeep and maintenance of adjacent toilet blocks
3. Replenishment of consumable items

Corporate Disclosure

HIL made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this contract does not fall under related party transactions, and none of its promoter or promoter group companies have any interest in NHAI, the entity awarding the contract.

Market Implications

This project approval comes as a positive development for Highway Infrastructure Limited, potentially strengthening its position in the infrastructure sector. The relatively short execution timeframe of 90 days suggests that the company may see the financial impact of this project in the near term.

As infrastructure development continues to be a focus area for economic growth, such projects may contribute to improved connectivity and economic activity in the region. Investors and market watchers may keep an eye on HIL's execution of this project and any future contract wins in the infrastructure space.