Highway Infrastructure Wins Rs1,550 Million NHAI Order in Gujarat

23 Feb 2026 CW Team

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.

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