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.

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