Highway Infrastructure Share Price Gains Over 5% on Securing ₹154.60 Crore NHAI Contract

Highway Infrastructure Limited has been awarded a ₹154.60 crore contract by the National Highways Authority of India (NHAI) for operations at the Moti Naroli Fee Plaza in Gujarat. 

Contract Scope and Execution 

The contract encompasses user fee collection and plaza operations at Moti Naroli, with additional responsibilities for maintaining adjacent toilet blocks. Execution is scheduled for completion within 90 days. 

Project Location and Scale 

The Moti Naroli Fee Plaza is part of the eight-lane Vadodara-Mumbai Expressway, specifically within Package 4 (Ankleshwar to Manubar Section). The contract value totals ₹154,59,99,930, classified as a domestic award. 

Strategic Significance 

This contract reinforces Highway Infrastructure's role in Gujarat's highway infrastructure. The company will manage fee collection and plaza upkeep, contributing to efficient expressway operations in the region. 

Regulatory Compliance 

The award complies with SEBI Listing Regulations and does not involve related party transactions. Highway Infrastructure confirmed no promoter/group interest in the awarding entity. 

Read More: Airports Authority of India Announces ₹3,490 Crore Investment for Modernisation of Air Navigation Infrastructure! 

Highway Infrastructure Share Price Performance 

As of February 17, 2026, at 11:30 AM, Highway Infrastructure share price on NSE was trading at ₹57.08 up by 5.37% from the previous closing price. 

Conclusion 

Highway Infrastructure's ₹154.60 crore NHAI contract for Moti Naroli Fee Plaza operations underscores its expanding presence in Gujarat's highway sector, with execution targeted within 90 days. 

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