Highway Infrastructure Limited (NSE:HILINFRA) has secured a Letter of Acceptance (LOA) valued at Rs 28.69 crores from the National Highways Authority of India (NHAI) for toll operations and fee collection at the Kozhinjipatti Fee Plaza on the Dindigul–Samayanallur section of National Highway 44 in Tamil Nadu. The announcement was made on 24 July 2026 via a regulatory filing under Regulation 30 of the SEBI Listing Regulations.
Key Highlights
- Highway Infrastructure Limited has received a LOA for a Rs 28.69 crore toll operations contract from NHAI for Kozhinjipatti Fee Plaza on NH-44 in Tamil Nadu.
- The contract scope includes toll collection operations, upkeep and maintenance of adjacent facilities, and recouping consumable items over a 90-day period.
- Kozhinjipatti Fee Plaza is positioned on the Dindigul–Samayanallur section of NH-44, India's longest national highway, serving passenger, freight and tourism traffic corridors to Madurai and southern Tamil Nadu.
- The contract enhances revenue visibility for HIL and expands its geographic footprint in South India's toll operations portfolio.
- According to the press release, the company operates across 12 states and 1 Union Territory and has a track record in toll operations, EPC projects, and real estate development.
- Managing Director Arun Kumar Jain stated the award reflects confidence from infrastructure authorities in HIL's execution capabilities and strengthens the company's tollway collection portfolio.
About the Company
Highway Infrastructure Limited (NSE:HILINFRA) is an integrated infrastructure development and management company incorporated in 2006 and headquartered in Indore, Madhya Pradesh. The company operates diversified businesses across toll operations, EPC (Engineering, Procurement and Construction) infrastructure projects, and real estate development. HIL operates across 12 states and 1 Union Territory with advanced technology platforms for toll operations and project execution capabilities. The company is led by Managing Director Arun Kumar Jain and maintains a strong order book and growing project pipeline in India's infrastructure and urban transport sectors. CIN: L42909MP2006PLC018398; Scrip Code: 544477; ISIN: INE00RL01028.
Announcement in Detail
Highway Infrastructure Limited announced on 24 July 2026 that it has received a Letter of Acceptance from the National Highways Authority of India valued at Rs 28.69 crores. The contract pertains to toll collection operations and fee collection at the Kozhinjipatti Fee Plaza located on the Dindigul–Samayanallur section of National Highway 44 in Tamil Nadu state. This is among India's busiest national highway corridors, providing critical connectivity to Madurai and southern Tamil Nadu regions with diverse passenger, freight and tourism traffic flows.
The contract scope encompasses toll collection operations, upkeep and maintenance of adjacent facilities, and recouping of consumable items over a contract period of 90 days. The fee plaza's strategic location on NH-44, India's longest national highway, positions it to capture sustained tolling activity from the high-traffic corridor. According to the filing, this award represents recognition of HIL's execution track record across multiple states and reflects confidence from leading infrastructure authorities in the company's operational capabilities.
The company stated that this contract strengthens its toll operations portfolio and expands its revenue visibility while increasing geographic presence in South India. Managing Director Arun Kumar Jain emphasized that the award marks another step in building a scaled and diversified toll operations platform across India and reflects the company's commitment to expanding presence across key national corridors and strengthening operating capabilities.
Impact on Investors
Investors will note that this contract award represents a concrete addition to HIL's operational revenue base and project pipeline. The Rs 28.69 crore LOA from NHAI, a marquee infrastructure authority, provides near-term revenue visibility over the 90-day contract period and demonstrates the company's ability to secure mandates from leading public sector entities responsible for India's national highway network. The contract's geographic location on NH-44, a high-traffic national corridor serving major southern regions, supports the sustainability of tolling activity and revenue streams from this asset during the contract term.
The filing shows the company continues to expand its operational footprint across multiple states and geographies. Investors will observe that such contract wins from NHAI enhance the company's track record and competitive positioning for future toll operations opportunities. However, the 90-day contract duration is a fixed term without disclosed extension or renewal provisions in the announcement, meaning investors should assess this as a discrete revenue contribution rather than a perpetual asset. The company's ability to convert such short-term contracts into longer-duration mandates and to grow its overall toll operations portfolio remains a key operational metric to monitor in future quarterly disclosures and exchange filings.
Sector / Market Context
India's national highway network and toll infrastructure sector has expanded significantly in recent years. According to Ministry of Road Transport and Highways data, India's National Highway network has grown to over 1.4 lakh kilometres, with ongoing investments in highway widening, upgrades, and modernisation under schemes like Bharatmala. The demand for toll operations and facility management contracts from NHAI and concessionaire bodies has expanded proportionally as traffic volumes and vehicle counts have risen on key national corridors. South India, particularly Tamil Nadu and surrounding states, represents a high-traffic region due to industrial activity, agricultural trade, and tourism flows, making corridors like NH-44 valuable tolling assets.
Against this backdrop of India's expanding road infrastructure sector and rising tolling activity, contract awards such as this one to HIL from NHAI reflect the broader trend of infrastructure authorities engaging operational partners with proven execution capabilities. The company's presence across 12 states positions it within the operational ecosystem of India's highway and toll management sector, where specialised players have become integral to asset operations and maintenance.