Highway Infrastructure (HIL) has received a Letter of Award (LoA) from the Indore Development Authority (IDA) for a key road development project under Town Planning Scheme-08. The project involves the development of the Kumedi–Lasudiya Mori corridor up to A.B. Road, a strategically important stretch that supports Indore’s expanding urban mobility and planned growth initiatives. The order valued at Rs 69.68 crore (plus applicable GST) carries an execution timeline of 2.5 years.
This win further strengthens HIL’s presence in Madhya Pradesh’s fast-growing urban infrastructure landscape and enhances the Company’s revenue visibility. The project also aligns with HIL’s strategic focus on expanding its EPC portfolio across high-potential urban and regional growth corridors while partnering with government agencies on transformative development programs.
Highway Infrastructure is an infrastructure development and management company. The company is engaged in the business of tollway collection, infrastructure development and management and real estate business.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4075.85 |
| Rail Vikas Nigam | 287.15 |
| NCC | 155.45 |
| KEC International | 565.60 |
| Kalpataru Projects | 1211.70 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: