The company received the Letter of Acceptance (LOA) for user fee collection at the plaza located at Km 154+500 of National Highway 44 (NH-44). The contract covers the Krishnagiri to Thumbipadi section from Km 94+000 to Km 180+000 and has been awarded on a Build-Operate-Transfer (BOT) basis. The contract period is 90 days.
Palayam Fee Plaza is located on the Krishnagiri-Thumbipadi section of NH-44, which provides connectivity to Bengaluru, Hosur and Dharmapuri, as well as key industrial belts. The company said the stretch supports passenger movement, freight flow, logistics activity and toll revenue potential.
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Arun Kumar Jain, Managing Director, Highway Infrastructure Limited, said, “We are pleased to receive the Letter of Acceptance from NHAI for the Palayam Fee Plaza on NH-44 in Tamil Nadu.
This Rs. 80.17 crore contract is another important milestone in our growing toll collection business and strengthens our presence on a strategically important national highway corridor. The Krishnagiri-Thumbipadi stretch supports passenger movement, freight traffic and connectivity to key economic hubs across southern India.
As we expand our tolling portfolio, we are increasingly adopting a technology-focused approach to enhance operational efficiency, improve collection processes and deliver reliable service standards. This win reinforces our execution capabilities and commitment to creating sustainable value for shareholders.”
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In February this year, Highway Infrastructure said 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 February 16, is valued at ₹154.6 crore.
The contract involves the engagement of the user fee agency at Moti Naroli, Ena, and Gandevi fee plazas along the eight-lane Vadodara–Mumbai Expressway, covering multiple expressway sections.
The scope of the contract includes the upkeep and maintenance of adjacent toilet blocks and the recouping of consumable items. The order is awarded by a domestic entity, NHAI, and is to be executed within 90 days.
Shares of Highway Infrastructure Ltd ended at ₹46.40, up by ₹1.81, or 4.06%, on the BSE.
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