Highway Infrastructure Limited (HILINFRA), an integrated infrastructure platform with established capabilities across Tolling, EPC, and Real Estate, is pleased to announce that it has received the Work Order and entered into the Contract Agreement with the National Highways Authority of India (NHAI) for the operation and collection of user fees at the Velanchettiyur Fee Plaza in Tamil Nadu.

Contract Details

The Contract Agreement was signed on October 08, 2026, pursuant to the Letter of Acceptance (LOA) received earlier. The contract carries a value of Rs. 24.46 crore. The mandate covers the operation of the Velanchettiyur Fee Plaza located on the four-lane Karur-Dindigul section of NH-7, one of the key highway corridors in Tamil Nadu.

Scope of Work

The scope of work includes toll fee collection as well as upkeep and maintenance of adjacent toilet facilities, including replenishment of consumables. The project is scheduled to be executed over a period of 90 days. The contract further strengthens HIL’s footprint in Southern India and aligns with its strategy of expanding across high-traffic national highway corridors.

Speaking on the development, Mr. Arun Kumar Jain, Managing Director, Highway Infrastructure Limited said: “We are pleased to have received the Work Order and entered into the Contract Agreement with NHAI for the operation of the Velanchettiyur Fee Plaza in Tamil Nadu. This marks an important step following the Letter of Acceptance received earlier and further expands our tollway collection portfolio and strengthens our presence across key national highway corridors. Continued success in securing and operationalising tollway contracts is enhancing our medium-term revenue visibility and underscores our proven execution capabilities. With a healthy bidding pipeline and growing opportunities across the highway infrastructure sector, we remain well positioned to expand our order book, drive sustainable growth, and create long-term value for stakeholders.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Highway Infrastructure Limited

Highway Infrastructure Limited belongs to the Industrials › Infrastructure Operations sector. Here’s a quick read on where the business and the stock stand today.

Highway trades in the lower quarter of its 52-week range. The PEG of 0.32 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock sits at 18% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Both the business and the stock move in the right direction. Revenue grows at 10.1%, profits at 39.9%, and the PEG sits at 0.32 — below its growth rate. That combination is rare. Check Fundamentals of Highway Infrastructure Limited.