Highway Infrastructure Secures ₹220.66 Crore Toll Operations Contract for Gorakhpur Link Expressway
Highway Infrastructure Limited (NSE: HILINFRA | BSE: 544477) has secured a ₹220.66 crore toll operations contract from the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for the Gorakhpur Link Expressway.
The company announced the contract win through a regulatory filing dated September 18, 2026.
Two-Year Toll Operations Contract
Highway Infrastructure has received a Letter of Acceptance (LOA) from UPEIDA for toll collection and allied operations on the Gorakhpur Link Expressway.
The contract includes:
- Collection of user fees
- Operation and management of toll plazas
- Deployment of four patrol-cum-safety vehicles
- Deployment of the required personnel for toll and safety operations
The contract has an initial tenure of two years, with a provision for an extension of up to six months at UPEIDA’s discretion.
₹220.66 Crore Contract Value
The total contract value for the initial two-year period stands at ₹220.66 crore.
The company said the amount payable during the first year will be ₹105.08 crore, while the second year will include a 10% escalation.
This provides Highway Infrastructure with additional revenue visibility from its toll operations business over the contract period.
Expands Toll Operations Footprint
According to Highway Infrastructure, the order strengthens its tollway collection portfolio and expands its presence across India’s growing expressway network.
The Gorakhpur Link Expressway is an important road infrastructure project in eastern Uttar Pradesh, aimed at improving connectivity and supporting movement of people and goods across the region.
The company said improved connectivity through the expressway is expected to support logistics, trade and economic activity in the region.
Management Commentary
Commenting on the contract win, Arun Kumar Jain, Managing Director of Highway Infrastructure Limited, said the order strengthens the company’s medium-term revenue visibility and demonstrates its ability to execute large-scale toll management mandates.
He also said the company continues to invest in proprietary technology solutions aimed at improving toll collection efficiency, transaction accuracy and operational effectiveness.
Highway Infrastructure’s Business
Highway Infrastructure Limited operates across multiple infrastructure-related segments, including:
- Tollway collection
- Engineering, Procurement and Construction (EPC)
- Real estate
The company said it operates across 11 states and one Union Territory and uses technology for toll operations and project execution.
The company was incorporated in 2006 and is headquartered in Indore, Madhya Pradesh.
Investor Takeaway
The ₹220.66 crore UPEIDA contract is a material order win for Highway Infrastructure and adds visibility to its toll operations revenue over the next two years.
Investors will likely monitor the company’s execution of the Gorakhpur Link Expressway contract, the contribution of the new order to revenue and profitability, the potential six-month extension, and further toll and infrastructure contracts.
The 10% escalation applicable in the second year is also an important contractual feature to track when assessing the potential revenue contribution from the project.
Source: Highway Infrastructure Limited regulatory filing dated September 18, 2026.
Disclaimer: This article is based on information disclosed by the company and is intended for informational purposes only. It should not be considered investment advice or a recommendation to buy or sell any security. Investors should independently evaluate the company’s financial performance, order book, execution risks, valuation, and regulatory filings before making investment decisions.