Penny Stock Below Rs 5: Micro-Cap Infra Stock Jumps 13% After Receiving Two LOAs from NHAI SPV for Highway Wayside Amenities Projects
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PVV Infra has received two Letters of Award (LOAs) from National Highways Logistics Management Limited (NHLML), a wholly owned SPV of NHAI, for the development, operation and maintenance of highway wayside amenities in Madhya Pradesh under the DBOT model.
✨ Key Takeaways
On Friday, Indian equity benchmark indices traded higher, with the benchmark Nifty 50 index rising 38.55 points, or 0.16 per cent, to 24,355.70. Amid the positive market sentiment, PVV Infra share price jumped 12.77 per cent to Rs 3.71 after the company announced that it had received two Letters of Award (LOAs) from National Highways Logistics Management Ltd (NHLML), a wholly owned Special Purpose Vehicle (SPV) of the National Highways Authority of India (NHAI).
PVV Infra Receives Two LOAs from NHLML
PVV Infra informed the exchanges that it has secured two LOAs from NHLML for the development, operation and maintenance of Wayside Amenities (WSA) on National Highways in Madhya Pradesh under the Design, Build, Operate and Transfer (DBOT) model.
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Download Service BrochureThe projects carry a combined annual lease rent of Rs 2.49 crore, comprising Rs 73.40 lakh for the NH-44 Gwalior–Jhansi Corridor project at Dabra and Rs 1.76 crore for the NH-752D Ujjain–Garoth Corridor project at Dhanodiya. Both projects were awarded on July 30, 2026, with execution to commence after the submission of performance security and execution of the concession agreements.
PVV Infra Project Details
The first project is located on the NH-44 Gwalior–Jhansi Corridor in Dabra, Madhya Pradesh, where the company has been selected as the successful bidder for developing and operating highway wayside amenities.
The second project is located on the NH-752D Ujjain–Garoth Corridor near Dhanodiya, Madhya Pradesh. The site is strategically positioned close to Ujjain, which is expected to witness significant pilgrim and tourist traffic during the Simhastha Purna Kumbh Mela 2028, potentially enhancing the utilisation of the wayside amenities.
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Additional Bids in Pipeline
Apart from the two awarded projects, PVV Infra has submitted bids for four additional Wayside Amenities projects across Andhra Pradesh and Uttar Pradesh. The company said these bids have already qualified technically, while the financial bid results are awaited.
The proposed projects include two sites on the Bengaluru–Chennai Expressway in Andhra Pradesh and two sites on the Delhi–Dehradun Corridor in Uttar Pradesh, strengthening the company's presence in India's highway infrastructure segment.
About PVV Infra
PVV Infra Limited is engaged in infrastructure development and Construction activities. The company is expanding its presence in the highway infrastructure segment through the development, operation and maintenance of Wayside Amenities under the National Highways programme, with projects spanning Madhya Pradesh, Andhra Pradesh and Uttar Pradesh.
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Disclaimer: The article is for informational purposes only and not investment advice.