Mumbai, Nov. 9 -- Highway Infrastructure has secured a Letter of Acceptance worth Rs. 1.98 bn from the Central Public Works Department (CPWD) for constructing residential and non-residential facilities for the Central Industrial Security Force's (CISF) 12th Reserve Battalion in Madhya Pradesh. The company received the award on November 3, 2026, from a domestic entity.
The contract covers the planning, design and construction of infrastructure under Phase 1 for establishing the CISF battalion at Village Jamunia Talab in Sehore district. The project will be executed under Engineering, Procurement and Construction (EPC) Mode 1, with a completion period of two years.
The company said its promoters and promoter group have no interest in the entity that awarded the contract. It also stated that the transaction does not fall under related-party transactions. The award adds to Highway Infrastructure's recent contracts in toll operations and fee collection.
In October, the company received a Letter of Acceptance worth Rs. 3.4 bn from the National Highways Authority of India (NHAI) to operate the Palayam fee plaza in Tamil Nadu. That contract has a tenure of one year and involves engaging a user fee collection agency through competitive e-tendering.
The Palayam assignment covers the fee plaza on National Highway 44 (NH 44), along the Krishnagiri-to-Thirumangalam section, under a build-operate-transfer arrangement. Its scope also includes the upkeep and maintenance of adjacent toilet blocks and the replenishment of consumable items. NHAI issued the award on October 23, 2026.
Highway Infrastructure reiterated that the NHAI contract was awarded by a domestic entity and that neither its promoter nor promoter group companies have an interest in the awarding entity. Shares of Highway Infrastructure closed at Rs. 72.00 on the BSE, up Rs. 2.26, or 3.24 per cent, from the previous close.
Published by HT Digital Content Services with permission from Construction World.