Highway Infrastructure Wins Rs1,550 Million NHAI Order in Gujarat
ROADS & HIGHWAYS

Highway Infrastructure Wins Rs1,550 Million NHAI Order in Gujarat

Highway Infrastructure has secured a contract from the National Highways Authority of India for fee plaza operations and maintenance in Gujarat valued at Rs1,550 million (mn). The order covers multiple toll plazas and follows the company winning competitive bids for regional infrastructure services. The company indicated the contract will expand its operational footprint in western India.

The contract was awarded by the authority after an evaluation of technical and financial proposals and is structured to include routine maintenance and toll collection services. It specifies service level requirements and compliance measures to be met over the concession term. The concession length and starting date were outlined in the company filing to exchanges.

Analysts expect the order to contribute to revenue visibility for the company in the near term and to support margins through operating efficiencies. The company will allocate resources from its existing operations and may engage local contractors for specialised maintenance work. Financial impact was summarised by the company as accretive to earnings in the current fiscal period.

Company officials said implementation will follow statutory clearances and operational handover procedures and is expected to commence within weeks of formal award. The contract strengthens the company's position in highway services and aligns with its strategy to expand toll portfolio across states. Investors will monitor execution progress and regulatory compliance as the project advances.

The award comes at a time of renewed activity in road infrastructure procurement, with authorities prioritising maintenance and efficient toll collection to improve travel reliability. Highway Infrastructure's experience in managing toll operations and its existing network are expected to facilitate a smooth transition and mitigate mobilisation risks, according to the filing and operational plan. Management will focus on compliance, safety and technology-enabled collection systems to meet contractual benchmarks and preserve asset performance over the concession period.

Highway Infrastructure has secured a contract from the National Highways Authority of India for fee plaza operations and maintenance in Gujarat valued at Rs1,550 million (mn). The order covers multiple toll plazas and follows the company winning competitive bids for regional infrastructure services. The company indicated the contract will expand its operational footprint in western India. The contract was awarded by the authority after an evaluation of technical and financial proposals and is structured to include routine maintenance and toll collection services. It specifies service level requirements and compliance measures to be met over the concession term. The concession length and starting date were outlined in the company filing to exchanges. Analysts expect the order to contribute to revenue visibility for the company in the near term and to support margins through operating efficiencies. The company will allocate resources from its existing operations and may engage local contractors for specialised maintenance work. Financial impact was summarised by the company as accretive to earnings in the current fiscal period. Company officials said implementation will follow statutory clearances and operational handover procedures and is expected to commence within weeks of formal award. The contract strengthens the company's position in highway services and aligns with its strategy to expand toll portfolio across states. Investors will monitor execution progress and regulatory compliance as the project advances. The award comes at a time of renewed activity in road infrastructure procurement, with authorities prioritising maintenance and efficient toll collection to improve travel reliability. Highway Infrastructure's experience in managing toll operations and its existing network are expected to facilitate a smooth transition and mitigate mobilisation risks, according to the filing and operational plan. Management will focus on compliance, safety and technology-enabled collection systems to meet contractual benchmarks and preserve asset performance over the concession period.

Next Story
Building Material

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..

Next Story
Infrastructure Transport

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..

Next Story
Infrastructure Transport

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..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement