Highway Infrastructure shares rose 2.75 per cent to an intraday high of Rs. 49 on 9 October 2026 after the company secured a Rs. 244.6 mn toll collection contract from the National Highways Authority of India (NHAI) in Tamil Nadu. The stock was trading at Rs. 48.44 on the National Stock Exchange at 10:56 am, up 1.57 per cent from its previous close of Rs. 47.69.

The contract covers toll collection at the Velanchettiyur Fee Plaza on the four-lane Karur-Dindigul section of NH 7. Highway Infrastructure will also maintain the toilet facilities located beside the plaza and ensure the availability of required consumables. The assignment has a tenure of 90 days.

The agreement was signed on 8 October after NHAI issued a Letter of Acceptance to the company. The contract is not a related-party transaction, and neither NHAI nor its promoter group has any interest in the company, according to the filing details provided.

The latest order follows other contracts secured by Highway Infrastructure. The company recently won a Rs. 2.21 bn contract for the Gorakhpur Link Expressway from the Uttar Pradesh Expressways Industrial Development Authority. It also secured a Rs. 286.9 mn NHAI toll contract in July.

Revenue for the April-June 2026 quarter stood at Rs. 3.04 bn, more than double the figure recorded a year earlier. The company’s shares have gained 6.48 per cent over the past week and 10.86 per cent over the past month, while remaining down 40.09 per cent over the past year. Its market capitalisation was about Rs. 3.44 bn.