Highway Infrastructure Wins Rs 1.55 bn NHAI Fee Plaza Order

23 Feb 2026 CW Team

Highway Infrastructure has won a National Highways Authority of India contract for fee plaza operations in Gujarat valued at Rs 1.55 billion (bn). The contract covers operations and maintenance of fee plazas and will be undertaken by the company's operations team. The award was part of the authority's procurement of state road assets. The contract forms part of the company's portfolio of toll asset operations and builds on its experience in managing similar highway assets.

The order is expected to contribute to the company's revenue stream and strengthen its order book in western India. Management indicated the contract aligns with its strategy to expand toll operations and recurring revenue. The firm will mobilise resources and integrate the plazas into its operational network. Company management expects operational efficiencies and standardised processes to underpin margin resilience.

The contract size of Rs 1.55 bn follows the company's recent bidding activity and reflects continued opportunities from highway infrastructure development in the state. Market analysts noted that such contracts typically support medium-term cash flows and asset utilisation. The project will require coordination with the authority for compliance and performance monitoring. Such contracts are generally associated with stable cash generation linked to toll collections, subject to traffic patterns and regulatory oversight.

The award enhances the company's presence in Gujarat and underscores ongoing public investment in road infrastructure. Operational focus will remain on efficiency and service standards while pursuing further bids to grow the portfolio. The company will report the financial impact in upcoming regulatory filings and periodic disclosures. Regulatory disclosures will provide further detail on timing and financial recognition of the contract in due course thereafter.

Building Material

08 Apr 2026

Jindal Aluminium Marks 56 Years of Industrial Leadership

Jindal Aluminium Limited has marked its 56th Inception Day, celebrating a legacy built on vision, resilience and manufacturing leadership. Founded in 1968 and incorporated in 1970 by Padma Bhushan Dr Sitaram Jindal, the company has grown into a major force in India’s downstream aluminium sector under the leadership of Pragun Jindal Khaitan.The company is India’s largest manufacturer of aluminium extruded products and the second-largest producer of aluminium flat-rolled products. With a turnover of around Rs 5,500 crore and a workforce of over 4,000, Jindal Aluminium continues to strengthen..

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..