Highway Infrastructure shares zoom nearly 12% on bagging ₹155 crore order from NHAI

The stock was trading 6.15% higher at ₹57.50 per equity share as of 1:43 pm.

The scrip has gained 3% in the past week and more than 3% over the month. On a year-to-date basis, it has declined by 0.4%.

While the share hit a 52-week low of ₹49.49 on January 30, 2026, it touched a year’s high of ₹131.40 apiece on August 14, 2025.

Highway Infrastructure bags order from NHAI

The Indore-headquartered company received a Letter of Acceptance (LOA) from the NHAI for the operation, management, and maintenance of the Moti Naroli, Ena, and Gandevi Fee Plazas located along the Vadodara–Mumbai Expressway.

In a regulatory filing in post-market hours on Monday, the firm stated that the LOA spans key tolling sections between 1,90,000 kilometres and 2,92,000 kilometres across Gujarat, covering multiple packages of the eight-lane access‑controlled corridor.

Under the contract, worth ₹154.60 crore, the integrated infrastructure development and management company will manage toll collection at the Moti Naroli Fee Plaza and maintain all associated public amenities, including toilet blocks and recouping consumable items.

As per the contract, the accepted daily remittance is ₹1.71 crore, and the duration of the contract for execution is 90 days.

Commenting on the development, Arun Kumar Jain, Managing Director, Highway Infrastructure Limited, said: “We are honored to receive this Letter of Acceptance from NHAI for the Moti Naroli, Ena, and Gandevi Fee Plazas, one of the most strategically significant stretches on the Vadodara–Mumbai Expressway.”

He added that this corridor will redefine travel and logistics across western India, and the firm’s participation will further strengthen its position as a “trusted national operator in high‑speed, access‑controlled highway ecosystems.”

“With this award, we continue to expand our footprint in projects that not only enhance operational excellence but also contribute meaningfully to India’s long‑term infrastructure and economic growth story,” Jain noted.

In a separate regulatory filing dated February 10, the company said that it entered into a contract agreement with the NHAI for the execution of operations at Mundka Fee Plaza at Km 22+750 for the project development of UER-11 (NH-344M & NH-344N) in the states of Delhi and Haryana.

Highway Infrastructure has a total market capitalisation of ₹412.39 crore, as of February 17, 2026, according to data on the NSE.