Highway Infrastructure wins ₹221 crore toll operations contract
after close1 source ↓written by the desknot a recommendation
- contract
- ₹220.66 crore
- allocated
- ₹105.08 crore
- in the second
- 10% escalation
Highway Infrastructure Ltd has secured a ₹220.66 crore contract from the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for toll collection on the Gorakhpur Link Expressway. The contract spans two years, with ₹105.08 crore allocated for the first year and a 10% escalation in the second year. UPEIDA retains an option to extend the contract by six months.
This contract enhances Highway Infrastructure's revenue stream and operational footprint, potentially boosting investor sentiment in the company.
Not investment advice. For informational purposes only.