Mumbai, October 9: Tolling and infrastructure major Highway Infrastructure Limited (HIL) has received a work order from the National Highways Authority of India (NHAI) to manage toll collection and operational maintenance at the Velanchettiyur Toll Plaza in Tamil Nadu. Located on the four-laned Karur-Dindigul section of the NH-7, the award carries a value of ₹24.46 crores.
Signed on October 8, this project is expected to be executed within 90 days from the date of commencement, with HIL responsible for electronic and physical user fee collection across all operational traffic lanes, besides maintenance of adjacent toilet and other supporting infrastructure.
“We are pleased to have received the Work Order and entered into the Contract Agreement with NHAI for the operation of the Velanchettiyur Fee Plaza in Tamil Nadu. This marks an important step following the Letter of Acceptance received earlier and further expands our tollway collection portfolio and strengthens our presence across key national highway corridors. Continued success in securing and operationalising tollway contracts is enhancing our medium-term revenue visibility and underscores our proven execution capabilities. With a healthy bidding pipeline and growing opportunities across the highway infrastructure sector, we remain well positioned to expand our order book, drive sustainable growth, and create long-term value for stakeholders.” Mr. Arun Kumar Jain, Managing Director, Highway Infrastructure Limited, said in a press release.
