Highway Infrastructure Limited Secures Rs. 69.68 Crores EPC Order from Indore Development Authority

NEW DELHI: Highway Infrastructure, an integrated infrastructure development and management company has announced that it 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 crores (plus applicable GST) carries an execution timeline of 2.5 years.

This order win strengthens the company's presence in Madhya Pradesh’s fast-growing urban infrastructure landscape and enhances the Company’s revenue visibility.

The project aligns with the company'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.

Speaking on the development, Mr. Arun Kumar Jain, Managing Director, Highway Infrastructure Limited said: “We are delighted to secure this significant EPC mandate from the Indore Development Authority. The project reinforces our strong execution capabilities and deep understanding of urban infrastructure development. It not only strengthens our footprint in Madhya Pradesh but also advances our strategic objective of diversifying into high-growth, opportunity-rich urban corridors.

With a clearly defined 2.5-year execution timeline, this project enhances order book visibility, improves portfolio quality, and reduces geographic and segmental concentration risks. Our continued participation in government-led development initiatives positions HIL to benefit meaningfully from India’s accelerating urbanization, strengthening our commitment to delivering sustainable growth and long-term value for all stakeholders.”