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.

Highway Infrastructure has announced securing a major order worth ₹329.00 crores, marking a significant business development for the infrastructure company.

Order Details

The company has successfully won this substantial contract, which represents a notable addition to its order book. The order value of ₹329.00 crores demonstrates the scale and importance of this business win for Highway Infrastructure.

Business Impact

This order win represents a significant milestone for the company's business operations. The substantial value of the contract indicates the company's capability to secure large-scale infrastructure projects, which could contribute meaningfully to its revenue pipeline.

The announcement reflects Highway Infrastructure's continued presence in the infrastructure sector and its ability to compete for and win major contracts. Such order wins are typically important indicators of a company's operational capabilities and market positioning in the infrastructure development space.