BUSINESSCNBC-TV18 Markets · 14 hours agoLive
Highway Infrastructure wins ₹340 crore NHAI contract for Palayam fee plaza in Tamil Nadu
Reported by CNBC-TV18 Markets, not nibnow. We are not the publisher of this story, only the source is.
WHY IT MATTERS
The ₹340 crore contract gives Highway Infrastructure control over toll collection and maintenance at a busy stretch of NH‑44, impacting travel costs and revenue for the region.
WHAT HAPPENED
Highway Infrastructure has received a ₹340.08 crore NHAI contract to operate and collect user fees at Palayam Fee Plaza on NH-44 in Tamil Nadu for one year. The contract also covers the maintenance of adjacent toilet blocks and replenishment of consumables.
WHAT TO WATCH
- •Monitoring how Highway Infrastructure manages toll collection and service quality during the one‑year term
- •Any announcements of toll rate adjustments or policy changes affecting NH‑44 users
- •Potential renewal or extension of the contract after the one‑year period
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