Hey there, finance enthusiasts! 👋 We’ve got some exciting news from the infrastructure sector today. Highway Infrastructure Limited (HILINFRA), a key player in India’s road development, has just announced a significant contract win that’s sure to get attention.
On September 2, 2025, HILINFRA received a Letter of Acceptance (LOA) from none other than the National Highways Authority of India (NHAI). This isn’t just any contract; it’s for the operation of the Muzaina Hetim Fee Plaza located on the Gorakhpur – Kasia UP/Bihar Border section of NH-28 in Uttar Pradesh. Talk about a strategic location!
This domestic contract is valued at a substantial ₹69,77,77,777/- (that’s nearly ₹70 Crores!) and is set for a duration of 365 days. The scope of work is clear: HILINFRA will be responsible for the collection of user fees at the plaza. But it’s not just about collecting tolls; the company will also handle the upkeep and maintenance of adjacent toilet blocks, including replenishing consumable items. This ensures a smooth and comfortable experience for commuters.
This win underscores HILINFRA’s continued commitment and capability in managing crucial highway infrastructure. It’s a testament to their operational expertise in a sector vital for India’s economic growth.
For those keeping an eye on the market, shares of Highway Infrastructure Limited (HILINFRA) were trading around ₹94.66, showing a slight uptick of 0.3% when this positive announcement was made.
It’s always great to see companies like HILINFRA contributing to the nation’s infrastructure backbone. This new contract further solidifies their position and promises continued activity in the highway management space. Keep an eye out for more updates from this dynamic sector! 🚀
source: Corporate Announcement