Highway Infrastructure Ltd on Tuesday received a Letter of Acceptance worth ₹198.31 crore from the Central Public Works Department for the construction of residential and non-residential infrastructure for the Central Industrial Security Force's 12th Reserve Battalion in Madhya Pradesh.
The contract involves planning, designing and construction of infrastructure in Phase I for the establishment of the CISF 12th Reserve Battalion at Village Jamunia Talab in Sehore district of Madhya Pradesh. The project will be executed on Engineering, Procurement and Construction Mode-I.
The order has an execution period of two years. CPWD issued the Letter of Award on November 3, 2026. The company's promoters and promoter group have no interest in the awarding entity, and the contract does not fall under related-party transactions. Last month, Highway Infrastructure said it has received a Letter of Acceptance worth ₹340.08 crore from the National Highways Authority of India for operating the Palayam fee plaza in Tamil Nadu.
The contract has a tenure of one year. The contract involves engaging a user fee collection agency through competitive e-tendering for Palayam Fee Plaza of National Highway 44 , on the Krishnagiri-to-Thirumangalam section, on a build-operate-transfer basis.
The LOA was issued by NHAI on October 23, 2026. Highway Infrastructure said the contract was awarded by a domestic entity. The company's promoter and promoter group companies have no interest in the entity awarding the contract, and the contract does not fall under related-party transactions.
Shares of Highway Infrastructure Ltd ended at ₹72.00, up by ₹2.26, or 3.24%, on the BSE.