Highway Infrastructure Secures Rs 354.4 Mn NHAI Contract
ROADS & HIGHWAYS

Highway Infrastructure Secures Rs 354.4 Mn NHAI Contract

Highway Infrastructure has received a letter of acceptance from the National Highways Authority of India (NHAI) for a contract valued at Rs 354.4 million (mn) for the Venkatapalem User Fee Plaza. The site is at kilometre 35+400 on the six-laning of the Vijayawada Bypass from Gollapudi to Chinnakakani and includes a major bridge across the Krishna River on NH-16 in Andhra Pradesh.

The scope covers operation and collection of user fees at the Venkatapalem Fee Plaza and the upkeep and maintenance of adjacent toilet blocks, including replenishment of consumables. The contract is awarded by a domestic entity and is to be executed over a period of 90 days. The engagement is for the role of a user fee agency responsible for daily toll operations and ancillary services.

Highway Infrastructure is an infrastructure development and management company engaged in tollway collection, engineering, procurement and construction infrastructure and real estate businesses. The company reported a 96 per cent year-on-year surge in consolidated net profit to Rs 64.1 mn for the third quarter of fiscal year 2026, while revenue from operations declined nine point two per cent to Rs 1,268.6 mn compared with the same period a year earlier. The financial results reflect operational variances across project portfolios amid a shifting demand environment.

The company's stock on the BSE fell one point one nine per cent to end at Rs 46.57. Market participants noted that the stock market remained shut on account of Shri Ram Navami on the day of the report. The contract award is expected to add short term fee collection revenue and support routine maintenance cash flows for the company.

Highway Infrastructure has received a letter of acceptance from the National Highways Authority of India (NHAI) for a contract valued at Rs 354.4 million (mn) for the Venkatapalem User Fee Plaza. The site is at kilometre 35+400 on the six-laning of the Vijayawada Bypass from Gollapudi to Chinnakakani and includes a major bridge across the Krishna River on NH-16 in Andhra Pradesh. The scope covers operation and collection of user fees at the Venkatapalem Fee Plaza and the upkeep and maintenance of adjacent toilet blocks, including replenishment of consumables. The contract is awarded by a domestic entity and is to be executed over a period of 90 days. The engagement is for the role of a user fee agency responsible for daily toll operations and ancillary services. Highway Infrastructure is an infrastructure development and management company engaged in tollway collection, engineering, procurement and construction infrastructure and real estate businesses. The company reported a 96 per cent year-on-year surge in consolidated net profit to Rs 64.1 mn for the third quarter of fiscal year 2026, while revenue from operations declined nine point two per cent to Rs 1,268.6 mn compared with the same period a year earlier. The financial results reflect operational variances across project portfolios amid a shifting demand environment. The company's stock on the BSE fell one point one nine per cent to end at Rs 46.57. Market participants noted that the stock market remained shut on account of Shri Ram Navami on the day of the report. The contract award is expected to add short term fee collection revenue and support routine maintenance cash flows for the company.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code