Highway Infrastructure shares jump 5% after securing Rs 220 crore order from UPEIDA

Shares of Highway Infrastructure gained nearly 5% on Thursday to day’s high of Rs 45.90 on the NSE after the company bagged a contract worth Rs 220.66 crore from the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA).

According to a filing with the exchange on Wednesday, the contract is for collection of user fees and operation of toll plazas along with deployment of 04 number of patrol-cum-safety vehicles with required personnel manning these vehicles for Gorakhpur Link Expressway.

The company also said that the total consideration or size of the order is Rs 220.66 crore which includes Rs 105.07 crore for the first year and an escalation of 10% per annum for the second-year period.


The time period by which the order or contract is to be executed is two years and is awarded by a domestic entity.

The filing further said that no promoter/ promoter group companies have any interest in the entity that awarded the order(s)/contract (s) and the order(s)/contract(s) would not fall within related party transactions.

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On August 21, the company announced receiving LOA for operation at Palayam Fee Plaza at Km 154+500 of NH-44 in Krishnagiri to Thumbipadi section from Km 94+000 to Km 180+000 on BOT basis in the state of Tamil Nadu and upkeep/maintenance of adjacent toilet blocks including recouping consumable items.

The total cost of the project was Rs 80.16 crore and the total time period by which the project is to be executed is 90 days.

The company also said that located on the Krishnagiri-Thumbipadi section of NH-44, Palayam Fee Plaza forms part of a crucial regional and long-distance traffic corridor in Tamil Nadu. The stretch benefits from connectivity to Bengaluru, Hosur, Dharmapuri and key industrial belts, supporting passenger movement, freight flow, logistics activity and toll revenue potential.

Highway Infrastructure share price

In the last one month, the stock of Highway Infrastructure gained marginally of around 0.18%. In the current calendar year so far, the stock fell over 22%, and nearly 48% in the last one year.

Highway Infrastructure

Incorporated in 2006, Highway Infrastructure Ltd is a leading infrastructure development and management company with diversified operations across tollways collection, EPC projects, and real estate. Operating across 11 states and 1 Union Territory, the company leverages advanced technology for efficient toll operations and high-quality project execution.

With a robust order book and a growing project pipeline, the company is strategically positioned to capitalize on emerging opportunities in India’s infrastructure and urban transport sectors.

Disclosure: This article has been written by Surbhi Khanna, who is not a SEBI-registered Research Analyst or an investment advisor . Surbhi Khanna does not hold any financial interest in Economic Times as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of the EconomicTimes Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment.