Highway Infrastructure Limited has announced the receipt of a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for engagement as the user-fee agency at the Mundka Fee Plaza. This contract is valued at ₹64.68 Crores and covers the operation and collection of user fees at the Mundka Toll Plaza located at km 22+750 on NH-344M and NH-344N. The scope of work also includes the upkeep and maintenance of associated facilities. The contract has an execution period of 3 months from commencement. The company expects strong and predictable revenue visibility from this plaza due to its strategic location and high passenger traffic and freight movement. This award is part of a series of recent wins, including multiple toll contract extensions, which have significantly strengthened HIL’s order book and future revenue visibility. The company is leveraging technology-driven tolling systems, such as ANPR-based collection, to enhance its positioning in the tolling and Operations & Maintenance (O&M) segment. Mr. Arun Kumar Jain, Managing Director, Highway Infrastructure Limited, stated that the Mundka Fee Plaza contract strengthens HIL’s footprint in the toll operations segment and reinforces its focus on an asset-light and scalable revenue model. He added that the company plans to bid for expressway toll projects and newly developed toll plazas with higher upside potential, while also exploring expansion opportunities in Gujarat, Assam, and the North-East region. In the last two months, Highway Infrastructure Limited has secured multiple order wins worth approximately ₹495.00 Crores, with new orders in the toll portfolio amounting to ₹425.50 Crores. The company operates in 11 states and 1 Union Territory.
