Highway Infra Wins Rs 3.29bn NHAI Toll Contract

17 Dec 2025 CW Team

Highway Infrastructure shares jumped 9.42 per cent to Rs 67.94 after the company secured a one-year contract from the National Highways Authority of India to operate and collect user fees at the Kaza Fee Plaza on NH-16 in Andhra Pradesh.

The contract also covers the upkeep and maintenance of adjacent toilet blocks, including the replenishment of consumables. The order is valued at Rs 3.29 billion and is entirely domestic in nature. The company clarified that neither its promoters nor the promoter group have any interest in NHAI and that the contract does not constitute a related-party transaction.

Madhya Pradesh-based Highway Infrastructure is engaged in infrastructure development and management, with core operations spanning tollway collection, EPC infrastructure projects and real estate development. The company has completed 27 tollway projects and currently operates four, deploying advanced electronic toll collection and automatic number plate recognition technologies.

Its EPC arm has delivered more than 66 projects across roads, bridges and irrigation works under schemes such as PMAY and PMGSY. In real estate, the company is expanding its presence in Indore through residential and integrated township developments. In FY25, toll collection accounted for over 77 per cent of total revenue, followed by EPC and real estate segments. As of 31 May 2025, the company’s order book stood at Rs 6.66 billion.

For the twelve months ended 31 March 2025, Highway Infrastructure reported a consolidated net profit of Rs 0.22 billion on revenue of Rs 4.96 billion.

Infrastructure Transport

08 Jan 2026

CMRL to Open 15.8 km Chennai Metro Phase II in February

Chennai Metro Rail (CMRL) has revised its rollout strategy for Phase II of the Chennai Metro, deciding to commission the entire 15.8-km stretch between Poonamallee Bypass and Vadapalani directly in February. The move marks a shift from the earlier plan of launching services on a shorter section first and extending them in stages.Initially, CMRL had proposed to start operations on the Poonamallee Bypass–Porur Junction stretch by the end of January, with services extended to Vadapalani in February. However, officials said the revised approach would allow commuters to benefit from better connec..

Power Mech Emerges L1 for Mumbai Monorail O&M Contract

Power Mech Projects has emerged as the lowest bidder (L1) for the operations and maintenance (O&M) contract of the Mumbai Monorail project, officials said. The contract was floated by the Mumbai Metropolitan Region Development Authority (MMRDA) with a tenure of 1,825 days, or five years.MMRDA had invited bids for the O&M work of the Mumbai Monorail corridor from Sant Gadge Maharaj Chowk to Chembur. Technical bids were opened on November 12, 2025, with four firms submitting bids for the contract. Following the technical evaluation conducted on January 1, 2026, two bidders were disqualif..

E to E Transportation Clarifies SECR Contract Value at Rs 270.35 Mn

NSE Emerge-listed E to E Transportation Infrastructure has issued a clarification on the value of a railway signalling and telecommunication contract awarded by the South East Central Railway (SECR), Raipur Division, after identifying a typographical error in its earlier regulatory disclosure.In a filing dated January 4, 2026, the company said the correct value of the Letter of Acceptance (LoA) is Rs 270.34 million, and not Rs 2.73 billion as previously stated in an announcement uploaded on the NSE Emerge portal earlier the same day. The company noted that the incorrect figure was the result o..