Samyag

Corporate Actions

Back

Highway Infrastructure secures Rs 35-cr NHAI contract for Venkatapalem Fee Plaza

26-Mar-26 11:15 Hrs IST

The contract pertains to the engagement of a user fee agency for the Venkatapalem User Fee Plaza located at km 35+400 on the 6-laning of the Vijayawada Bypass stretch from Gollapudi (km 30+000) to Chinnakakani (km 47+881), including a major bridge across the Krishna River on NH-16 in Andhra Pradesh.

The scope of work includes operation and collection of user fees at the Venkatapalem Fee Plaza, along with upkeep and maintenance of adjacent toilet blocks, including replenishment of consumables. The contract is awarded by a domestic entity and is to be executed over a period of 90 days.

Highway Infrastructure is an infrastructure development and management company. The company is engaged in the business of tollway collection, EPC infra, and real estate businesses.

The company reported a 96% year-on-year surge in consolidated net profit to Rs 6.41 crore for Q3 FY26, even as revenue from operations declined 9.2% to Rs 126.86 crore compared with Q3 FY25.

The counter fell 1.19% to end at Rs 46.57 on the BSE. The stock market will remain shut today on account of Shri Ram Navami.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.