Highway Infrastructure shares hit a day high of Rs 46.80 on 1 October, up 9%, after the firm won a Rs 24.46 crore toll contract from NHAI.

Highway Infrastructure Limited told the exchanges about the order on Wednesday.

The Indore-based firm has received a Letter of Acceptance from the National Highways Authority of India, which is the formal nod to start the work.

The job is toll collection at the Velanchettiyur Fee Plaza in Tamil Nadu.

The plaza sits on the Karur to Dindigul stretch of NH-7. The company won it through an e-tender.

In simple terms, the firm will act as the agency that collects fees from vehicles passing through the plaza. It will also look after the toilet blocks next to it.

The work is short. The company has 90 days to carry it out. NHAI is a domestic client, so the order counts as domestic.

The contract is worth Rs 24.46 crore. This is not the firm’s first toll win this month.

Earlier in September, it received a Letter of Acceptance from UPEIDA for the Gorakhpur Link Expressway in Uttar Pradesh.

That two-year contract was reported at Rs 220.66 crore, and the state authority can extend it by six months.

For context, NSE lists a board meeting on 11 August to consider the company’s financial results.

At 13:44 pm, Highway Infrastructure shares traded at Rs 44.18 on NSE, up by 3.35%. That is well below the morning high of Rs 46.80.

The stock is down 23.52% so far in 2026 and 44.92% over the past year. It sits far below its 52-week high of Rs 86.35 but above its 52-week low of Rs 40.10. Its market value is about Rs 317 crore.

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