Whalesbook
Major Contract Win for Highway Infrastructure Limited
Highway Infrastructure Limited (HIL) has secured a significant Engineering, Procurement, and Construction (EPC) contract valued at ₹69.68 crore, plus applicable GST, from the Indore Development Authority (IDA). The project involves developing a critical urban road corridor – the Kumedi–Lasudiya Mori route extending to A.B. Road under Town Planning Scheme-08. This award reinforces HIL's strategic focus on partnering with government bodies for high-growth infrastructure corridors within India.
Order Book Surges to ₹1,144 Crore
Following this latest contract, HIL's consolidated order book has climbed to an impressive ₹1,144 crore as of January 16, 2026. The company has demonstrated aggressive expansion, particularly since March 2025. Its EPC order book alone grew by 52%, from ₹417 crore to ₹633 crore. More remarkably, the Tollways collection order book saw a substantial surge of 348%, jumping from ₹114 crore to ₹510 crore in the same period. This dual growth across EPC and toll operations enhances the company's long-term revenue visibility and operational scale.
Company Profile and Stock Performance
Established in 2006, Highway Infrastructure Ltd operates diversified infrastructure development services including toll collection, EPC projects, and real estate across 11 states and one Union Territory. The company leverages advanced technology for efficient operations and project execution, guided by a leadership team led by Mr. Arun Kumar Jain. With a market capitalization exceeding ₹400 crore and a consistent 24% profit growth CAGR over the past five years, HIL is positioned to capitalize on India's infrastructure development opportunities. The stock has shown recent positive movement, trading up 3% from its 52-week low of ₹54.51 per share.