Highway Infra Wins Rs 155 Cr NHAI Deal, Shares Rally 9.75%

Shares of Highway Infrastructure Ltd rallied around 9.75% to touch the day’s high of Rs 60.47 on 17th February after the company announced that it had received a Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI) for operations at the Moti Naroli Fee Plaza in Gujarat.

The LOA, issued on 16th February, is valued at Rs 154.6 crore.

The contract involves appointing a user fee agency at the Moti Naroli, Ena, and Gandevi fee plazas. These are located along the eight-lane Vadodara–Mumbai Expressway, covering multiple sections of the corridor.

The scope includes the operation of the toll plazas, the upkeep and maintenance of nearby toilet blocks, and the replenishment of consumables. The order has been awarded by NHAI, a domestic entity. It is to be executed within 90 days.

Highway Infrastructure clarified that neither its promoter nor any of its promoter group companies has any interest in NHAI. Additionally, the deal does not qualify as a related party transaction.

Last month, the company also secured an order worth Rs 328 crore from NHAI to operate and collect user fees at the Kaza fee plaza on the Chilakaluripet–Vijayawada section of National Highway 16 in Andhra Pradesh. The 82.5 km stretch was awarded through a competitive bidding process.

Under this one-year contract, the company will manage toll operations and maintain adjacent toilet blocks, including replenishment of consumables. As per the regulatory filing, the formal agreement was signed on 8th January, 2026. This followed receipt of the Letter of Acceptance in December 2025. Operations at the fee plaza commenced from 23rd January, 2026.

At 11:28 AM, shares of Highway Infra were trading 5.22% higher at Rs 57 on the NSE.

Tradz by EquityPandit leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!

The post Highway Infra Wins Rs 155 Cr NHAI Deal, Shares Rally 9.75% appeared first on Equitypandit.