Rs 1,209 Crore Order Book: Road Infra Company Begins Toll Operations at Kaza Fee Plaza on NH-16

Highway Infrastructure Limited (HIL) has officially commenced toll operations at the Kaza Fee Plaza on the Chilakaluripet–Vijayawada section of National Highway 16 (NH-16) in Andhra Pradesh. The operations went live on 23 January 2026 and represent the largest single toll mandate executed by the company to date.

Situated on a high-traffic stretch from 355.0 km to 437.5 km, the project spans 82.5 km of NH-16, a crucial north-south corridor linking major economic centres in southern and eastern India. As per data from IHMCL, Kaza Fee Plaza records the highest toll collection among public-funded plazas in South India, generating around Rs 27.0 crore per month.

Awarded by the National Highways Authority of India (NHAI), the contract is valued at Rs 328.77 crore for a one-year operations period. This enables immediate deployment, cash collection and revenue visibility for HIL. The project also underscores the company’s asset-light toll operations strategy, characterised by efficient scaling with limited capital, strong visibility of operating cash flows and rapid conversion of order books into executed revenues.

The addition of the Kaza Fee Plaza mandate has meaningfully enhanced HIL’s consolidated order book, which now stands at Rs 1,209 crore. Since March 2025, the company has recorded sharp growth in its specialised segments. The tollways collection order book has risen by approximately 404 per cent from Rs 114 crore to Rs 575 crore, while the EPC order book has increased by 52 per cent from Rs 417 crore to Rs 633 crore.

Commenting on the development, Arun Kumar Jain, Managing Director of Highway Infrastructure Limited, stated that the commencement marks an important milestone for the company. He noted that the project demonstrates NHAI’s confidence in HIL’s operational capabilities and reinforces the company’s focus on disciplined execution and technology-led efficiency.

Incorporated in 2006, HIL is an integrated infrastructure development and management company operating across 11 states and one Union Territory. Its diversified portfolio spans tollways collection, EPC contracts and real estate, positioning it as a scalable partner for large-value national infrastructure initiatives in India and select U.S. business streams.

About the Company

Incorporated in 2006, Highway Infrastructure Ltd is a leading infrastructure development and management company with diversified operations across tollways collection, EPC projects and Real Estate. Operating in 11 states and 1 Union Territory, the company leverages advanced technology for efficient toll operations and high-quality project execution. Guided by an experienced leadership team led by Mr Arun Kumar Jain, Highway Infrastructure has built a strong track record of project delivery and operational excellence. With a robust order book and a growing project pipeline, the company is strategically positioned to capitalise on emerging opportunities in India’s infrastructure and urban transport sectors.

The company has a market cap of over Rs 400 crore and has delivered good profit growth of 24 per cent CAGR over the last 5 years. As of January 27, 2026, the company's consolidated order book is Rs 1,209 crore.

Disclaimer: The article is for informational purposes only and not investment advice.