Highway Infrastructure shines on securing LoA worth Rs 340.07 crore from NHAI
Highway Infrastructure is currently trading at Rs. 62.51, up by 8.09 points or 14.87% from its previous closing of Rs. 54.42 on the BSE.
The scrip opened at Rs. 55.34 and has touched a high and low of Rs. 64.30 and Rs. 55.00 respectively. So far 170292 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 82.64 on 30-Oct-2025 and a 52 week low of Rs. 40.50 on 15-Sep-2026.
Last one week high and low of the scrip stood at Rs. 64.30 and Rs. 50.17 respectively. The current market cap of the company is Rs. 456.79 crore.
The promoters holding in the company stood at 70.04%, while Institutions and Non-Institutions held 0.40% and 29.56% respectively.
Highway Infrastructure has received the Letter of Acceptance (LoA) of Rs 340.07 crore from National Highways Authority of India (NHAI) for Engagement of user fee collection agency on the basis of competitive bidding through E-Tender for 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.
The LoA also involves upkeep/maintenance of adjacent Toilet blocks including recouping the consumable items. The said order is expected to be executed in 1 year.
