Highway Development

Highway Infrastructure Ltd, which has reported a multi-fold rise in the September quarter net profit to Rs 9.7 crore, expects to execute Rs 150-200 crore worth of EPC projects and is actively bidding for new projects of around Rs 250 crore, a top company official said on Monday. The company plans to execute Rs 150Rs 200 crore worth of EPC projects over the next two years and is actively bidding for new projects worth approximately Rs. 250 crores, Arun Kumar Jain, Managing Director, Highway Infrastructure Ltd said. The September quarter witnessed a robust influx of new orders, including the expansion of toll operations with projects at Kiratpur and Muzaina Fee Plazas in Uttar Pradesh, a Greenfield Expressway in Rajasthan, and Chotiya Fee Plaza in Chhattisgarh, Jain said. The company achieved its highest-ever order book of Rs 775 crore, which provides strong revenue visibility, Jain said. The infrastructure development and management company, which has a presence in tollway collectio

The company had clocked a consolidated net profit of Rs 71.91 crore in the corresponding period of the previous fiscal, it said in a regulatory filing.

Analysts remain positive on the road/construction sector given healthy order books providing good revenue visibility, controlled working capital, value unlocking

Borrowing up seven times in five years, growing at a CAGR of 47.6 per cent from Rs 45,300 crore at the end of March 2016

The company said it is well poised and geared up to win a large number of BOT projects in the upcoming bids, which will ensure a steady growth in execution as well as Toll revenues in the long term

Govt informed House that govt encourages use of plastic waste in construction of National Highways