Highway Infrastructure Shares Jump Over 2% on Securing ₹69.68 Crore Road Development Contract

Highway Infrastructure Limited has formalised a contract with Indore Development Authority for a major road development project in Indore, strengthening its order book in the urban infrastructure segment. 

Project Scope And Value 

The agreement covers development work under Town Planning Scheme-08 from Kumedi to Lasudiya Mori up to A.B. Road in Indore. The total contract value stands at ₹69,68,72,954.73 plus applicable GST. The execution timeline for the project is 30 months. 

Security and Financial Structure 

As part of the contract conditions, the company has provided a 5% performance security amounting to ₹3,48,43,648, valid for the contract period plus 3 months. 

Additionally, an extra performance security of 7.87% amounting to ₹6,67,76,941 has been furnished, valid until the stipulated completion time plus 3 months. 

Strategic Significance 

The project adds to Highway Infrastructure’s urban development portfolio and reinforces its presence in Madhya Pradesh’s infrastructure landscape.  

The road development initiative is expected to enhance connectivity between Kumedi and Lasudiya Mori, supporting urban expansion and mobility in Indore. 

Read More: Highway Infrastructure Share Price Gains Over 5% on Securing ₹154.60 Crore NHAI Contract! 

Highway Infrastructure Share Price Performance  

As of 23 February 2026, at 10:17 AM, Highway Infrastructure Limited share price is trading at ₹56.51 per share, reflecting a gain of 2.31% from the previous closing price. Over the past month, the stock has gained by 10.56%. 

Conclusion 

With a contract value of nearly ₹69.68 crore and a 30-month execution window, the project marks a significant addition to Highway Infrastructure Limited’s ongoing infrastructure development pipeline. 

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