- Business
- Highway Infrastructure Limited (HILINFRA.NS) is an infrastructure development and management company engaged in tollway collection, engineering procurement and construction (EPC) infrastructure projects, and real estate development. The company operates toll collection systems across 11 states and 1 Union Territory in India, utilizing advanced electronic toll collection (ETC) technologies including RFID tags, FASTag integration, and automatic number plate recognition (ANPR) on key corridors such as the Delhi-Meerut Expressway and Kiratpur Fee Plaza; its EPC division undertakes design, construction, and maintenance of roadways, bridges, highways, civil infrastructure for residential, commercial, and hospitality buildings, as well as irrigation works under government schemes like PMAY and PMGSY, with over 66 projects completed and occasional sub-contracting for labor and materials; the real estate segment develops and sells residential gated communities, apartments, and integrated townships in Indore, Madhya Pradesh, including projects such as Karuna Sagar, New York City, and Beverly Plaza. Founded in 1995 and headquartered at 57-FA, Scheme No. 94, Pipliyahana Junction, Ring Road, Indore, Madhya Pradesh, India, the company serves government departments like the National Highways Authority of India (NHAI) and private clients, with tollway operations forming the largest revenue contributor at approximately 78%. Recent developments include securing multiple NHAI contracts for toll collection and maintenance, such as Rs 25.26 crore for the Delhi-Vadodara Greenfield Expressway in Rajasthan, Rs 18.96 crore for the Bandikui-Jaipur spur, Rs 69.77 crore for the Muzaina Hetim fee plaza in Uttar Pradesh, Rs 12 crore for the Ujjain-Garoth section, and Rs 31 crore for a Chhattisgarh toll plaza; EPC orders under the PM E-Bus Seva scheme for e-bus charging infrastructure totaling over Rs 3 crore; commencement of operations at new toll plazas like Kiratpur in Uttar Pradesh; a successful IPO in August 2025 raising funds for expansion; strong Q2 FY26 financial results with consolidated profit after tax surging to Rs 96.68 crore; and the appointment of Mr. Vinayak Parkhi as an additional non-executive independent director effective November 2025.