+
Highway Infrastructure Secures Rs. 244.6 mn NHAI LoA
ROADS & HIGHWAYS

Highway Infrastructure Secures Rs. 244.6 mn NHAI LoA

Highway Infrastructure has received a Letter of Acceptance (LoA) valued at around Rs. 244.6 mn from the National Highways Authority of India (NHAI). The contract covers user fee collection and upkeep services at the Velanchettiyur Fee Plaza in Tamil Nadu.

The assignment was awarded through an e-quotation and e-tender process for the fee plaza at km 332+000 on the 4-lane divided carriageway section between Karur and Dindigul. The relevant stretch of National Highway 7 extends from km 292.600 to km 373.725, with the actual site alignment running from km 290+000 to km 367+725.

The project falls under Phase 2 of the National Highways Development Project and is identified as TN-04. In addition to collecting user fees, the order requires the company to maintain adjacent toilet blocks and replenish consumable items as part of the facility upkeep obligations.

The contract is expected to be executed within 90 days. The award provides Highway Infrastructure with an order linked to highway operations and maintenance in the state, although the company did not provide further details on the expected financial contribution from the assignment.

Shares of Highway Infrastructure were trading at Rs. 45.32 on the BSE, up Rs. 2.77, or 6.51 per cent, from the previous close. The stock opened at Rs. 45.47 and recorded an intraday high of Rs. 46.80 and a low of Rs. 44.70, while 49,832 shares changed hands. The company’s market capitalisation stood at approximately Rs. 3.25 bn, with promoters holding 70.04 per cent and institutions holding 0.40 per cent.

Highway Infrastructure has received a Letter of Acceptance (LoA) valued at around Rs. 244.6 mn from the National Highways Authority of India (NHAI). The contract covers user fee collection and upkeep services at the Velanchettiyur Fee Plaza in Tamil Nadu. The assignment was awarded through an e-quotation and e-tender process for the fee plaza at km 332+000 on the 4-lane divided carriageway section between Karur and Dindigul. The relevant stretch of National Highway 7 extends from km 292.600 to km 373.725, with the actual site alignment running from km 290+000 to km 367+725. The project falls under Phase 2 of the National Highways Development Project and is identified as TN-04. In addition to collecting user fees, the order requires the company to maintain adjacent toilet blocks and replenish consumable items as part of the facility upkeep obligations. The contract is expected to be executed within 90 days. The award provides Highway Infrastructure with an order linked to highway operations and maintenance in the state, although the company did not provide further details on the expected financial contribution from the assignment. Shares of Highway Infrastructure were trading at Rs. 45.32 on the BSE, up Rs. 2.77, or 6.51 per cent, from the previous close. The stock opened at Rs. 45.47 and recorded an intraday high of Rs. 46.80 and a low of Rs. 44.70, while 49,832 shares changed hands. The company’s market capitalisation stood at approximately Rs. 3.25 bn, with promoters holding 70.04 per cent and institutions holding 0.40 per cent.

Related Stories

Gold Stories

Next Story
Real Estate

The Energy-Smart Buildings

Passive design is an integral part of energy-efficient architecture. Sophisticated building systems also contribute to this end. But what role do materials play in enhancing a building’s energy-efficiency?“Material selection is one of the earliest opportunities to influence how a building performs,” says Tejbeer Singh, Principal Architect & Founder, Expressionist by Tejbeer Singh. “The objective is not simply to select materials that look appropriate but to understand how they behave within the climate and construction system.”To read the full story Click Here ..

Next Story
Infrastructure Transport

Chandigarh Station: Rebuilt in Motion

1. REDEVELOPMENT MOVES TO SITERLDA awarded the ₹462-crore EPC package to Ahluwalia Contracts (India) in November 2022, taking the Chandigarh station upgrade from planning to execution. Construction commenced on 11 January 2023, beginning a large-scale transformation of the operational rail hub while train services and passenger movement continued through the site. ..To read the full article Click Here ..

Next Story
Technology

Bentley Systems announces 2026 Year in Infrastructure winners

Bentley Systems has announced the winners of its 2026 Year in Infrastructure Awards, recognising projects that use digital technologies and Bentley software across the infrastructure lifecycle. The awards were presented during the Bentley Systems 2026 Year in Infrastructure Event, held in Singapore on October 6 and 7.More than 300 projects from organisations in 53 countries were nominated this year. Winners were selected across 12 categories by an independent judging panel.The 2026 winners included AYESA Engineering’s Porto Metro 3.0 project in the Bridges and Tunnels category; Pinnacle Futu..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code