Highway Infrastructure Wins ₹69.68 Crore EPC Order from Indore Authority; Order Book at ₹1,144 Crore

Highway Infrastructure Limited (HIL) has received a Letter of Award (LoA) from the Indore Development Authority (IDA) for an urban road development project under Town Planning Scheme-08.

The project involves developing the Kumedi–Lasudiya Mori road corridor up to A.B. Road, an important stretch supporting Indore’s growing urban traffic and expansion plans.

Project Value and Timeline

The EPC order is valued at ₹69.68 crore (excluding GST) and has an execution period of 2.5 years. This project improves HIL’s revenue visibility and strengthens its presence in Madhya Pradesh’s urban infrastructure segment.

Order Book Sees Strong Growth

With this new order, HIL’s total consolidated order book stands at ₹1,144 crore.

• EPC order book grew 52% since March 2025, rising from ₹417 crore to ₹633 crore
• Tollways collection order book jumped 348%, increasing from ₹114 crore to ₹510 crore

These additions highlight the company’s strong momentum across both EPC and toll operations.

Management Commentary

Commenting on the development, Mr. Arun Kumar Jain, Managing Director, said the project reflects HIL’s strong execution capabilities and understanding of urban infrastructure needs. He added that the order supports the company’s strategy of expanding into high-growth urban corridors and partnering with government agencies on key development projects.

About Highway Infrastructure Limited

Incorporated in 2006, Highway Infrastructure Limited operates across tollways collection, EPC projects, and real estate. The company is present in 11 states and 1 Union Territory and uses technology-driven systems for efficient toll operations and quality project execution.

Highway Infrastructure Share Price Movement

As of January 16, 2026, Highway Infrastructure share price (NSE: HILINFRA) closed at ₹56.10, up 2.45% (₹1.34) from the previous session. The stock opened at ₹54.76, reached a high of ₹56.25, and a low of ₹54.59 during the day. Highway Infrastructure’s 52-week high stands at ₹131.40, while the 52-week low is ₹54.31. The stock currently does not have a price-to-earnings ratio or dividend declared.

Conclusion

The ₹69.68 crore EPC order from IDA strengthens Highway Infrastructure’s urban project portfolio and boosts its already strong order book. With rising EPC and tollway orders, the company is well positioned to benefit from India’s accelerating urban infrastructure growth.

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