Highway Infrastructure Limited (HIL) has recently secured two significant Engineering, Procurement, and Construction (EPC) contracts for e-bus charging infrastructure, marking a notable advancement in the company's involvement with sustainable urban transportation projects.

Nayta Mundla Contract Details

HIL has received a Letter of Acceptance (LOA) from Atal Indore City Transport Services Limited for an EPC service contract valued at Rs 1.96 crore. The scope of work includes:

• Supply, installation, testing, and commissioning (SITC) of external electrification infrastructure for e-bus charging at Nayta Mundla
• Project execution under the PM E-Bus Seva program
• Completion timeline of four months from the contract signing date

The contract terms stipulate a performance security of 3% and an additional performance bank guarantee of 13%, both in the form of Term Deposit Receipts.

Dewas Naka Depot Contract

In a separate announcement, HIL also secured another EPC service contract for the Dewas Naka Depot (Niranjanpur) project. Key details include:

• Contract value: Rs 1.09 crore
• Scope: SITC of external electrification infrastructure for e-bus charging
• Client: Atal Indore City Transport Services Limited
• Execution timeframe: 4 months from contract signing
• Performance security: 3% of service contract
• Additional Performance Bank Guarantee: 14% of the contract

Strategic Implications

These contracts underscore Highway Infrastructure Limited's growing presence in the e-mobility sector, particularly in developing charging infrastructure for electric buses. The projects align with the government's PM E-Bus Seva program, aimed at promoting sustainable public transportation in urban areas.

The back-to-back contract wins demonstrate HIL's competitive edge in securing projects that contribute to the modernization of urban transport systems. As cities across India look to transition towards cleaner public transportation options, companies like Highway Infrastructure Limited are poised to play a crucial role in building the necessary infrastructure.

Financial Impact

The combined value of these two contracts amounts to Rs 3.05 crore, which is expected to positively impact the company's order book and revenue stream in the coming quarters. The relatively short execution period of four months for both projects indicates that the financial benefits could be realized within the current fiscal year.

Highway Infrastructure Limited's involvement in these e-bus charging infrastructure projects not only diversifies its portfolio but also positions the company as a key player in India's growing electric vehicle ecosystem. As the demand for e-bus charging solutions continues to rise, HIL's expertise in this niche area could lead to more such opportunities in the future.

Highway Infrastructure Limited (HIL) has recently strengthened its position in the electric vehicle infrastructure sector by securing two significant EPC (Engineering, Procurement, and Construction) contracts for e-bus charging facilities in Madhya Pradesh. These contracts, awarded by Atal Indore City Transport Services Limited, are part of the PM E-Bus Seva program, highlighting the company's role in India's push towards sustainable urban transportation.

Dewas Naka Depot Contract

HIL has received a Letter of Acceptance (LOA) for an EPC service contract valued at Rs 1.09 crore. This project involves the supply, installation, testing, and commissioning of external electrification infrastructure for e-bus charging at the Dewas Naka Depot in Indore. Key details of the contract include:

Nayta Mundla Contract

In addition to the Dewas Naka Depot project, HIL has secured another contract for similar services at Nayta Mundla. The details of this contract are as follows:

Contract Specifications

Both contracts share several common features:

• Awarding Entity: Atal Indore City Transport Services Limited
• Nature: Domestic contracts
• Performance Security: To be provided in the form of Term Deposit Receipts
• Related Party Transactions: None involved
• Promoter Interest: No interest from promoter/promoter group companies

These contracts underscore Highway Infrastructure Limited's growing involvement in the development of electric vehicle charging infrastructure, aligning with India's initiatives to promote clean and sustainable urban transportation. The successful execution of these projects within the stipulated four-month timeframe will be crucial for HIL to establish its expertise in this emerging sector and potentially secure similar contracts in the future.

As the electric vehicle market in India continues to expand, companies like Highway Infrastructure Limited are playing a vital role in creating the necessary infrastructure to support this growth. The timely completion of these projects will contribute to the broader goal of enhancing e-mobility options in urban areas, particularly for public transportation systems.