Highway Infrastructure Limited has received a Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI) worth ₹15.64 crore for operations at Katiyara Fee Plaza in Bihar. The LOA was issued on February 25, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Specifications

The contract involves engagement of user fee agency through e-tender for Katiyara Fee Plaza located at Km 77+821 of Village-Katiyara, District-Rohtas. The project is part of the four laning of Pararia-Mohania section of NH-319 (old NH-30) from Km 54+530 to Km 115+330 in Bihar.

Scope of Work

The contract encompasses comprehensive operational responsibilities including award of contract for operation and collection of user fee at Katiyara Fee Plaza. Additionally, the scope includes upkeep and maintenance of adjacent toilet blocks including recouping the consumable items.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD-PoD2/CIR/P/0155/2024 dated November 11, 2024. The contract is classified as a domestic order with no related party transactions involved.

Strategic Impact

This NHAI contract strengthens Highway Infrastructure Limited's position in the toll plaza management sector and expands its operational footprint in Bihar. The project represents a significant addition to the company's infrastructure management portfolio, providing steady revenue streams through user fee collection operations on the expanded NH-319 corridor.

Highway Infrastructure Limited has secured a significant contract worth ₹154.60 crores from the National Highways Authority of India (NHAI) for fee plaza operations on the strategic Vadodara-Mumbai Expressway. The Letter of Acceptance (LOA) was issued on February 16, 2026, marking a major business development for the infrastructure company.

Contract Details and Scope

The contract encompasses comprehensive operations at three key fee plazas along the Eight Lane Vadodara-Mumbai Expressway. The engagement covers user fee agency services across multiple strategic locations:

The contract spans several expressway sections including VME Pkg-4 Ankleshwar to Manubar Section (Km 279.00 to Km 292.00), VME Pkg-5 Kim to Ankleshwar Section (Km 254.430 to Km 279.000), VME Pkg-6 Ena to Kim Section (Km 217.500 to Km 254.430), and VME Pkg-7 Gandeva to Ena Section (Km 190.000 to Km 217.500).

Financial and Operational Parameters

Strategic Significance

The Vadodara-Mumbai Expressway represents a key segment of the 1,350-km Delhi-Mumbai Expressway, designed as an eight-lane, access-controlled corridor. This greenfield alignment is expected to reduce travel time between Vadodara and Mumbai from 9-10 hours to approximately 4.5 hours, significantly improving passenger and freight movement. The corridor links major industrial hubs across Gujarat and Maharashtra and integrates with the Western Dedicated Freight Corridor.

Management Commentary

Commenting on the development, Mr. Arun Kumar Jain, Managing Director of Highway Infrastructure Limited, stated: "We are honored to receive this Letter of Acceptance from NHAI for the Moti Naroli, Ena, and Gandevi Fee Plazas, one of the most strategically significant stretches on the Vadodara-Mumbai Expressway. This corridor is set to redefine travel and logistics across western India, and our participation further strengthens HIL's position as a trusted national operator in high-speed, access-controlled highway ecosystems."

Additional Responsibilities and Compliance

Beyond fee collection operations, Highway Infrastructure Limited will undertake upkeep and maintenance of adjacent toilet blocks, including recouping consumable items. The company has confirmed that the contract does not involve any related party transactions and that promoter or promoter group companies have no interest in NHAI. The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This domestic contract award reinforces Highway Infrastructure Limited's position in the highway operations sector and adds substantial value to its order book with significant revenue opportunity from NHAI's expressway infrastructure projects.