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Highway Infrastructure Expands Scope to Include Toll Operations, Renewables, and Hospitality
Highway Infrastructure Limited (HILINFRA) has received shareholder approval to significantly broaden its business objects through amendments to its Memorandum of Association (MOA). The company is now authorized to enter high-growth sectors including toll collection, wayside amenities, renewable energy projects (solar/wind), and hospitality infrastructure like hotels and hospitals. This strategic shift allows the company to move beyond pure construction into operational management and diversified asset ownership. Additionally, the Articles of Association (AOA) were updated to formalize the promoter director list and streamline administrative processes.
Key Highlights
Shareholders approved MOA and AOA amendments via postal ballot with results finalized on April 13, 2026.
New Object Clause III A (5) enables entry into hospitality, healthcare, malls, and renewable energy sectors.
New Object Clause III A (6) specifically authorizes the company to engage in toll collection and management of highway amenities.
The company can now participate in Public-Private Partnership (PPP) models for toll systems and EV charging infrastructure.
AOA updated to list Anoop Agrawal, Arun Kumar Jain, and Riddharth Jain as the official promoter directors.
💼 Action for Investors
Investors should view this as a long-term positive move toward business diversification and recurring revenue streams. Monitor upcoming project bids in the tolling and renewable energy sectors to gauge the execution of this new strategy.
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HILINFRA Shareholders Approve MOA and AOA Alterations with 99.99% Majority
Highway Infrastructure Limited (HILINFRA) has successfully passed two special resolutions via postal ballot to alter its Memorandum of Association (MOA) and Articles of Association (AOA). The primary change involves the 'Object Clause' of the MOA, which typically indicates a shift or expansion in the company's business focus. The resolutions received near-unanimous support, with 53,197,086 votes in favor out of 53,197,658 total votes cast. This high level of consensus, including 100% support from the promoter group, suggests strong alignment on the company's future strategic direction.
Key Highlights
Special resolutions for altering the MOA Object Clause and AOA were passed with over 99.99% majority.
Total valid votes polled amounted to 53,197,658 shares, with only 572 votes cast against the proposals.
The promoter group, holding 50,231,344 shares, voted 100% in favor of both resolutions.
Public non-institutional shareholders polled 2,966,314 votes, with 99.98% supporting the changes.
💼 Action for Investors
Investors should watch for subsequent filings to understand the specific new business activities enabled by the altered Object Clause. The overwhelming shareholder support is a positive sign of confidence in management's proposed strategic changes.
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Highway Infrastructure Debarred by NHAI for 3 Months Following LOA Withdrawal
Highway Infrastructure Limited has decided to withdraw its acceptance of the Letter of Acceptance (LOA) for the Venkatapalem Fee Plaza operations in Andhra Pradesh. As a direct consequence of this non-acceptance, the National Highway Authority of India (NHAI) has debarred the company, including all its directors and owners, from the list of pre-qualified bidders. This debarment is effective for a period of three months, during which the company cannot participate in any new NHAI tenders. This development represents a temporary halt in the company's ability to secure new business from a primary government authority.
Key Highlights
Withdrawal of Letter of Acceptance (LOA) for Venkatapalem Fee Plaza operations in Andhra Pradesh
NHAI has debarred the company and all directors from bidding for a period of 3 months
Company is ineligible to participate in any NHAI tenders during the debarment period
The decision follows the company's own management choice to not proceed with the LOA issued in late March 2026
💼 Action for Investors
Investors should exercise caution as the 3-month debarment will restrict order book growth from NHAI, a key client. It is important to monitor if this withdrawal indicates underlying operational or financial constraints within the company's project execution strategy.
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Highway Infrastructure Bags ₹35.44 Crore NHAI Contract for Venkatapalem Fee Plaza
Highway Infrastructure Limited has secured a Letter of Acceptance from the National Highways Authority of India (NHAI) for user fee collection operations. The contract is valued at approximately ₹35.44 Crores and pertains to the Venkatapalem Fee Plaza in Andhra Pradesh. The project involves the 6-laning of the Vijayawada Bypass on NH-16 and includes maintenance of adjacent facilities. The execution period for this contract is set at 90 days, indicating a short-term revenue boost.
Key Highlights
Contract awarded by NHAI for user fee collection at Venkatapalem Fee Plaza
Total contract value stands at ₹35,43,99,930 (approx. ₹35.44 Crores)
The project covers the Vijayawada Bypass section of NH-16 in Andhra Pradesh
Execution timeline is short, spanning 90 days
Includes maintenance of adjacent toilet blocks and consumable recouping
💼 Action for Investors
Investors should monitor the company's ability to secure similar short-term high-value contracts to maintain revenue momentum. The quick execution cycle suggests immediate impact on the upcoming quarterly financials.
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Highway Infrastructure Bags ₹15.64 Cr NHAI Contract for Katiyara Fee Plaza
Highway Infrastructure Limited (HILINFRA) has officially signed a contract agreement with the National Highways Authority of India (NHAI) for the operation and collection of user fees at the Katiyara Fee Plaza in Bihar. The contract is valued at approximately ₹15.64 crores and is scheduled for a 90-day execution period. The company will formally take over operations on April 5, 2026, following the Letter of Acceptance issued in February. This move solidifies the company's revenue pipeline in the toll management segment.
Key Highlights
Contract value is fixed at ₹15,63,99,930 for user fee collection and maintenance
Project covers the Katiyara Fee Plaza on the Pararia-Mohania section of NH-319 in Bihar
Execution timeline is set for 90 days with operations commencing April 5, 2026
Awarded by a domestic government entity, the National Highways Authority of India (NHAI)
💼 Action for Investors
Investors should view this as a positive development for short-term revenue visibility and monitor the company's efficiency in managing high-velocity tolling contracts.
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HILINFRA Proposes Expansion into Hospitality, Toll Management, and Renewable Energy
Highway Infrastructure Limited is seeking shareholder approval via postal ballot to significantly broaden its business scope. The proposed changes to the Memorandum of Association include entering the hospitality, healthcare, and renewable energy sectors. Furthermore, the company plans to engage in toll collection and management services for various infrastructure projects. This move suggests a strategic pivot towards a diversified infrastructure and services model.
Key Highlights
Proposed addition of Clause III A (5) to MoA covering hotels, hospitals, malls, and sports complexes.
Proposed addition of Clause III A (6) for toll collection and management on highways and expressways.
Expansion into green energy including solar parks, wind farms, and EV charging infrastructure.
Remote e-voting period set for March 13, 2026, to April 11, 2026, with results by April 13, 2026.
💼 Action for Investors
Investors should monitor the company's upcoming capital expenditure plans and project announcements related to these new segments. While diversification can provide new revenue streams, the execution risk in non-core areas like hospitality and renewable energy should be carefully assessed.
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Highway Infrastructure Bags ₹15.64 Cr NHAI Order for Katiyara Fee Plaza Operations
Highway Infrastructure Limited (HILINFRA) has received a Letter of Acceptance from the National Highways Authority of India (NHAI) for a contract worth ₹15.64 crore. The order involves the operation and collection of user fees at the Katiyara Fee Plaza located on NH-319 in Bihar. This domestic contract has a short execution timeline of 90 days. The scope also includes the maintenance of adjacent toilet blocks and management of consumables at the site.
Key Highlights
Total contract value awarded by NHAI is ₹15,63,99,930
Project involves user fee collection at Katiyara Fee Plaza, Rohtas district, Bihar
The contract duration is specified as 90 days for execution
Includes upkeep and maintenance of adjacent toilet facilities at the plaza
💼 Action for Investors
This short-term contract provides immediate revenue visibility; however, investors should monitor the company's ability to secure longer-term O&M projects. Watch for execution efficiency as these fee-collection contracts typically operate on high-volume, tight-margin models.
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Highway Infrastructure Bags ₹154.60 Cr NHAI Contract for Fee Plaza Operations in Gujarat
Highway Infrastructure Limited has officially signed a contract agreement with the National Highways Authority of India (NHAI) for user fee collection operations. The contract is valued at approximately ₹154.60 Crores and involves managing the Moti Naroli, Ena, and Gandevi Fee Plazas on the Vadodara-Mumbai Expressway in Gujarat. The project has a short execution timeline of 90 days, providing immediate revenue visibility for the company. This follows the Letter of Acceptance previously received on February 16, 2026.
Key Highlights
Awarded a contract worth ₹154,59,99,930 by the National Highways Authority of India (NHAI).
Scope includes user fee collection at Moti Naroli, Ena, and Gandevi Fee Plazas on the Vadodara-Mumbai Expressway.
The contract covers multiple sections of the expressway spanning from Ankleshwar to Gandeva in Gujarat.
Execution timeline is set for a period of 90 days.
Includes additional responsibility for the upkeep and maintenance of adjacent toilet blocks.
💼 Action for Investors
Investors should view this as a positive development for short-term revenue growth and monitor the company's ability to secure similar high-value operational contracts from NHAI.
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HILINFRA Q3 FY26: Record Order Book of ₹1,160 Cr and 34% YoY PAT Growth
Highway Infrastructure Limited reported a 34.3% YoY increase in consolidated PAT to ₹6.3 crores for Q3 FY26, while 9M FY26 PAT surged 121.5% to ₹23.1 crores. The company's consolidated order book reached a record ₹1,160 crores as of January 2026, a 4x increase compared to March 2025. Management highlighted the acquisition of the ₹328.8 crore Kaza Fee Plaza mandate as a transformative milestone for their tolling vertical. The company is diversifying geographically into Gujarat and the Northeast while maintaining a 77% government client mix.
Key Highlights
Consolidated order book reached ₹1,160 crores, a 181% increase since September 2025
9M FY26 Standalone PAT grew by 192% YoY to ₹22.9 crores
Secured the company's largest tollway collection mandate worth ₹328.8 crores in Andhra Pradesh
EPC vertical has visibility for ₹400-450 crores in project completions over the next two years
77% of the customer mix consists of government entities, ensuring payment security
💼 Action for Investors
The massive jump in the order book provides strong revenue visibility for the next two fiscal years; investors should monitor execution efficiency. The transition to an asset-light tolling model is a positive structural shift that could significantly improve long-term return ratios.
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HILINFRA Bags ₹64.69 Crore NHAI Contract for Mundka Fee Plaza Operations
Highway Infrastructure Limited (HILINFRA) has signed a formal contract agreement with the National Highways Authority of India (NHAI) for toll collection operations. The contract involves the operation and collection of user fees at the Mundka Fee Plaza in Delhi and Haryana for a period of 90 days. Valued at approximately ₹64.69 Crores, the project also includes the maintenance of adjacent facilities. The company is scheduled to take over the plaza operations on February 26, 2026.
Key Highlights
Contract awarded by National Highways Authority of India (NHAI) for the Mundka Fee Plaza.
Total contract consideration is valued at ₹64,68,99,930.
The execution period for the contract is set for 90 days.
Official takeover of the fee plaza is scheduled for February 26, 2026.
Scope includes user fee collection and upkeep of adjacent toilet blocks and consumables.
💼 Action for Investors
Investors should view this as a positive short-term revenue driver, though the 90-day duration suggests it is a temporary mandate. Monitor if the company can convert such short-term NHAI contracts into long-term operational assets.
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Highway Infrastructure Q3 PAT Rises 38% YoY; Order Book Hits Record ₹1,160 Cr
Highway Infrastructure Limited (HILINFRA) reported a strong Q3 FY26 with standalone PAT growing 38% YoY to ₹6.1 crore and 9M FY26 PAT surging 191.7% to ₹22.9 crore. The company's order book reached a historic high of ₹1,160 crore as of January 2026, representing a 50% growth since September 2025. A major driver is the recent win of its largest-ever tollway collection contract worth ₹328.8 crore in Andhra Pradesh. Management is targeting the completion of ₹400-450 crore worth of EPC projects over the next two years to sustain this momentum.
Key Highlights
Consolidated order book grew 50% in four months to reach ₹1,160 crore as of January 2026
Standalone 9M FY26 PAT witnessed a massive 191.7% YoY jump to ₹22.9 crore
Secured the largest-ever single tollway contract worth ₹328.8 crore for Kaza Fee Plaza in Andhra Pradesh
EPC order book increased by 49.5% from March 2025 levels to reach ₹623.6 crore
Standalone EBITDA margins improved significantly to 7.4% in Q3 FY26 from 5.4% in Q3 FY25
💼 Action for Investors
The significant jump in the order book provides strong revenue visibility for the next 24 months. Investors should monitor the execution pace of the ₹400+ crore EPC pipeline and the margin sustainability as the company scales its tollway operations.
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Highway Infrastructure Q3 Standalone Net Profit Rises 38% YoY to ₹61.10 Million
Highway Infrastructure Limited reported a robust year-on-year performance for the quarter ended December 31, 2025. Standalone revenue from operations grew 15.6% YoY to ₹1,278.27 million, while standalone net profit increased by 38% to ₹61.10 million. Although Profit Before Tax (PBT) showed a sequential decline from Q2 due to a one-time gain in the previous quarter, the core operational performance remains strong across its Tollway, EPC, and Real Estate segments. The company's consolidated results were slightly lower than standalone due to minor losses in subsidiary entities.
Key Highlights
Standalone revenue from operations increased 15.6% YoY to ₹1,278.27 million from ₹1,105.99 million.
Standalone net profit for Q3 FY26 stood at ₹61.10 million, up from ₹44.28 million in Q3 FY25.
Profit Before Tax (PBT) surged 84.5% YoY to ₹78.38 million compared to ₹42.49 million in the same period last year.
Basic Earnings Per Share (EPS) improved to ₹0.92 from ₹0.77 YoY.
Consolidated net profit for the quarter was ₹58.47 million, reflecting a loss of ₹2.63 million from subsidiary operations.
💼 Action for Investors
Investors should view the strong YoY growth in revenue and net profit as a positive indicator of operational scaling. The stock remains attractive for those seeking exposure to the Indian infrastructure and toll collection sectors, though monitoring subsidiary performance is advised.
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HILINFRA Q3 FY26: Order Book Surges 50% to Rs 1,160 Cr; 9M PAT Jumps 121% YoY
Highway Infrastructure Limited (HILINFRA) reported a significant 50% growth in its consolidated order book, reaching Rs 1,160 crore as of January 2026. The company secured its largest-ever tollway collection contract worth Rs 328.8 crore in Andhra Pradesh, bolstering its asset-light business model. For 9M FY26, consolidated PAT surged by 121.5% YoY to Rs 23.1 crore, driven by improved operational efficiencies and higher margins. Management is targeting the completion of Rs 400-450 crore worth of EPC projects over the next two years, providing strong revenue visibility.
Key Highlights
Consolidated order book grew from Rs 775 Cr in Sep'25 to Rs 1,160 Cr in Jan'26, a 50% increase.
Secured the largest single tollway contract in company history worth Rs 328.8 Cr for Kaza Fee Plaza.
9M FY26 standalone PAT witnessed a massive 191.7% YoY growth to Rs 22.9 Cr.
EPC order book expanded by 49.5% since March 2025 to reach Rs 623.6 Cr.
Consolidated EBITDA margins improved significantly to 9.9% in 9M FY26 from 5.8% in the previous year.
💼 Action for Investors
Investors should focus on the company's ability to execute its record order book and maintain the high EBITDA margins achieved in the tollway segment. The strong growth in the EPC pipeline and diversification into 11 states suggest a robust scaling phase.
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HILINFRA Q3 PAT Up 34% YoY; Order Book Hits Record ₹1,160 Crore
Highway Infrastructure Limited (HIL) reported a strong Q3 FY26 with PAT growing 34.3% YoY to ₹6.3 crore, despite a 9.6% decline in total income. The company achieved its highest-ever consolidated order book of ₹1,160 crore as of January 2026, representing a 50% growth since September 2025. The Tollway segment was a major driver, with its order book surging 181% to ₹536.5 crore, including a landmark ₹328.8 crore contract in Andhra Pradesh. For 9M FY26, the company showed exceptional performance with PAT rising 121.5% YoY to ₹23.1 crore and EBITDA margins expanding by 413 basis points.
Key Highlights
Consolidated order book reached a record ₹1,160 crore, a 50% increase from ₹775 crore in September 2025.
9M FY26 PAT surged 121.5% YoY to ₹23.1 crore, while Q3 FY26 PAT rose 34.3% YoY to ₹6.3 crore.
EBITDA margins for 9M FY26 improved significantly to 9.9%, up from 5.8% in the previous year.
Secured the largest toll collection order in company history worth ₹328.8 crore for the Kaza Fee Plaza.
EPC order book stands at ₹623.6 crore with a target to complete ₹400–450 crore of projects within two years.
💼 Action for Investors
Investors should view the record order book and significant margin expansion as strong indicators of future growth and operational efficiency. The stock warrants a positive outlook given the high revenue visibility and the company's successful scaling of its asset-light tolling business.
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Highway Infrastructure Q3 Net Profit Rises 38% YoY to ₹61.1 Million; Revenue Up 15.6%
Highway Infrastructure Limited reported a standalone revenue of ₹1,278.27 million for Q3 FY26, marking a 15.6% growth compared to ₹1,105.99 million in the same quarter last year. Net profit for the quarter stood at ₹61.10 million, up 38% YoY from ₹44.28 million. Although sequential profit declined from ₹96.02 million, the previous quarter's results were significantly aided by a one-time gain of ₹197.90 million on conversion of stock. The company maintains a steady growth trajectory across its Tollway, EPC, and Real Estate segments.
Key Highlights
Standalone Revenue from Operations increased to ₹1,278.27 million from ₹1,105.99 million YoY.
Net Profit grew to ₹61.10 million compared to ₹44.28 million in the corresponding quarter of the previous year.
Total Income for the nine-month period ended December 2025 reached ₹3,534.06 million.
Operating costs for the quarter rose to ₹1,251.54 million, reflecting increased activity in EPC and infrastructure projects.
Basic EPS for the quarter improved to ₹0.92 from ₹0.77 in the year-ago period.
💼 Action for Investors
Investors should view the YoY growth as a positive indicator of operational scaling, while ignoring the sequential profit dip which was caused by a non-recurring gain in Q2. The company's diversified presence in Tollway and EPC provides a stable revenue base for long-term holders.
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HILINFRA Commences Toll Operations at Kaza Plaza; Order Book Reaches ₹1,209 Cr
Highway Infrastructure Limited (HIL) has commenced toll operations at the Kaza Fee Plaza on NH-16, marking its largest-ever single toll mandate valued at ₹328.77 crore. The Kaza Plaza is a high-traffic corridor and is recognized as the highest-earning public-funded toll plaza in South India, generating approximately ₹27 crore in monthly collections. This commencement has significantly boosted the company's total order book to ₹1,209 crore, with the tollways segment growing by 404% since March 2025. The project follows an asset-light model, ensuring immediate revenue generation and improved cash flow visibility for the next year.
Key Highlights
Commenced ₹328.77 crore toll operations contract at Kaza Fee Plaza, the largest in company history.
Total consolidated order book strengthened to ₹1,209 crore as of January 2026.
Tollways collection order book grew by ~404% from ₹114 crore in March 2025 to ₹575 crore.
EPC order book increased by 52% during the same period, reaching ₹633 crore.
Kaza Plaza generates the highest monthly toll in South India at approximately ₹27 crore.
💼 Action for Investors
Investors should monitor the company's execution efficiency and the impact of this high-value contract on upcoming quarterly earnings. The significant 404% growth in the tolling order book suggests a strong shift toward high-cash-flow operational revenue.
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Highway Infrastructure Starts ₹328.77 Cr Toll Operations; Order Book Hits ₹1,144 Cr
Highway Infrastructure Limited (HIL) has commenced toll operations at the Kaza Fee Plaza in Andhra Pradesh, its largest single contract to date valued at ₹328.77 crore. This operational milestone has propelled the company's tollways order book to ₹510 crore, a 348% increase since March 2025. The total consolidated order book now stands at ₹1,144 crore, with the EPC segment also growing 52% to ₹633 crore. This asset-light project on the high-traffic NH-16 corridor is expected to provide immediate revenue and strong cash flow visibility.
Key Highlights
Execution of largest-ever toll contract worth ₹328.77 crore at Kaza Fee Plaza
Tollways order book grew 348% from ₹114 crore to ₹510 crore since March 2025
Total consolidated order book reached ₹1,144 crore, enhancing revenue visibility
EPC order book increased 52% to ₹633 crore during the same period
Project covers an 82.5 km stretch on the strategically important NH-16 corridor
💼 Action for Investors
The significant scale-up in the tolling vertical and robust order book growth signal strong near-term growth; investors should monitor execution margins and contract renewals.
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Highway Infrastructure Secures Rs. 64.68 Cr NHAI Toll Contract for Mundka Plaza
Highway Infrastructure Limited (HILINFRA) has been awarded a Rs. 64.68 Crores toll collection contract by NHAI for the Mundka Fee Plaza on the Delhi-Haryana corridor. This contract has a short execution period of 3 months, promising immediate revenue impact. The company has shown aggressive growth momentum, securing approximately Rs. 495 Crores in total orders over the last two months. This win strengthens HIL's asset-light business model and expands its footprint in high-traffic national highway segments.
Key Highlights
Awarded Rs. 64.68 Crores NHAI contract for user-fee collection at Mundka Fee Plaza
Cumulative order wins reached approximately Rs. 495 Crores in the last 2 months
Toll-specific portfolio grew by Rs. 425.50 Crores within the same 60-day period
Project features a 3-month execution timeline on a high-traffic urban extension corridor
Strategic focus on expanding into high-growth regions like Gujarat, Assam, and the North-East
💼 Action for Investors
Investors should note the rapid order book accretion which signals strong revenue visibility for the upcoming quarters. Monitor the company's ability to maintain this momentum and successfully bid for longer-duration expressway projects.
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HILINFRA Secures ₹64.69 Crore NHAI Contract for Mundka Fee Plaza Operations
Highway Infrastructure Limited (HILINFRA) has been awarded a contract worth ₹64.69 crore by the National Highways Authority of India (NHAI). The contract involves the operation and collection of user fees at the Mundka Fee Plaza on the UER-11 project spanning Delhi and Haryana. The scope also includes the maintenance of adjacent toilet blocks and facilities. With a short execution period of 90 days, this contract is expected to provide a quick boost to the company's top-line revenue.
Key Highlights
Received Letter of Acceptance (LOA) from NHAI for a contract valued at ₹64,68,99,930.
Project involves user fee collection at Mundka Fee Plaza (Km 22+750) for the UER-11 development.
The contract has a specified execution timeline of 90 days.
Includes maintenance responsibilities for adjacent toilet blocks and consumable management.
💼 Action for Investors
Investors should track the successful execution of this short-term contract as it demonstrates the company's operational capability with NHAI. Continued wins in the toll-collection segment could improve cash flow predictability.
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HILINFRA Secures Rs 69.68 Cr EPC Order; Total Order Book Reaches Rs 1,144 Cr
Highway Infrastructure Limited (HILINFRA) has secured a new EPC order worth Rs 69.68 crores from the Indore Development Authority for urban road development. This win brings the company's total consolidated order book to Rs 1,144 crores as of January 2026. The EPC segment has shown robust growth of 52% YTD, while the Tollways collection segment has surged by 348% since March 2025. The new project has a 2.5-year execution timeline, providing healthy revenue visibility for the upcoming fiscal years.
Key Highlights
Secured Rs 69.68 crore EPC order from Indore Development Authority for urban road development.
Total consolidated order book reached Rs 1,144 crores as of January 16, 2026.
EPC order book grew 52% YTD to Rs 633 crores from Rs 417 crores in March 2025.
Tollways collection order book surged 348% YTD to Rs 510 crores from Rs 114 crores.
The new project features a 2.5-year execution timeline, strengthening medium-term revenue visibility.
💼 Action for Investors
Investors should view this as a positive development reflecting strong order book momentum and execution capabilities in the urban infrastructure space. Monitor the company's ability to maintain margins while scaling its EPC and Tollway portfolios rapidly.