HIHighway Infrastructure544477Major contract win

Receives NHAI Letter of Acceptance for Palayam Fee Plaza operations in Tamil Nadu

Highway Infrastructure Ltd has received a Letter of Acceptance (LOA) from NHAI for operations at Palayam Fee Plaza in Tamil Nadu.

By ScoutQuest · Fri 23 Oct 2026, 8:43 PM IST · 2 min read

Contract Size

~Rs. 340.08 crore

Contract Period

1 Year (One Year)

Award Basis / Method

BOT basis, awarded through E-Tender

The company informed the exchanges

Highway Infrastructure Ltd has told BSE and NSE that National Highways Authority of India (NHAI) issued a Letter of Acceptance (LOA) to it on 23rd October, 2026 for operations at Palayam Fee Plaza in Tamil Nadu. The value stated is ~Rs. 340.08 crore.

What the contract covers

• Work: engagement of a user fee collection agency for Palayam Fee Plaza at Km 154/500 of NH-44, Krishnagiri to Thumbipadi section (Km 94.000 to Km 180.000), on a BOT basis.
• Additional scope: upkeep and maintenance of adjacent toilet blocks, including recouping consumable items.
• How it was won: competitive bidding through E-Tender.
• Period: 1 Year (One Year).
• Size as stated in the annexure: ~Rs. 340.08 crore.

How to read the size figure

The update calls this the broad consideration or size of the contract, and it sits against a contract period of 1 Year (One Year). Both details are disclosed together, so the amount and the tenure should be read as a pair.

Who is awarding it

NHAI is the awarding entity and is a domestic entity. The company has stated that the promoter and promoter group companies have no interest in the entity awarding the contract, and that the contract does not fall within related party transactions.

Points a retail investor can track

• The scope is operations and collection of user fee at a specific plaza, plus maintenance of adjacent toilet blocks.
• The contract runs for 1 Year (One Year), so the tenure is stated in the update itself.
• The Letter of Acceptance was issued on 23rd October, 2026, the same date as this disclosure.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the prescribed details set out in an annexure to the letter.

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