Urgent.News

What's breaking now, across thousands of outlets.

Business

Highway Infrastructure Secures ₹24.46 Crore NHAI Toll Operations Contract

Mumbai: Highway Infrastructure Limited (HIL) announced on 1 October 2026 that it has received a Letter of Acceptance (LOA) from NHAI for a toll operations contract valued at ₹24.46 crore. The contract involves the operation and collection of user fees at the Velanchettiyur Fee Plaza in Tamil Nadu . Contract Details The contract, awarded on 30 September 2026, covers the Velanchettiyur Fee Plaza on…

Highway Infrastructure Secures ₹24.46 Crore NHAI Toll Operations Contract

Mumbai, 1 October 2026 - Highway Infrastructure Limited (HIL) secured a ₹24.46 crore toll operations contract from the National Highways Authority of India (NHAI), it announced on 1 October 2026. The contract, awarded on 30 September 2026, pertains to the Velanchettiyur Fee Plaza on the Karur-Dindigul section of NH-7 in Tamil Nadu.

The contract's scope includes toll fee collection and the maintenance of adjacent toilet facilities. The project is set to be executed within 90 days, expanding HIL's footprint in Southern India. HIL's Managing Director, Arun Kumar Jain, highlighted that the contract enhances the company's tollway collection portfolio, bolstering medium-term revenue visibility and demonstrating its execution capabilities.

Founded in 2006, HIL specializes in tollway collection, EPC projects, and real estate, with operations spanning across 11 states and one Union Territory.

Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at freepressjournal.in →

More in Business

More from Thursday 1 October →