Highway Infrastructure shares rallied sharply by over 6% in early trade after the company announced the commencement of toll operations at the Kaza Fee Plaza on the Chilakaluripet–Vijayawada stretch of National Highway-16 in Andhra Pradesh. The toll operations became effective from January 23, 2026, marking a major operational milestone for the company.
Highway Infrastructure, also known as HIL, is an integrated infrastructure development and management company with a diversified presence across toll operations, EPC infrastructure and real estate. The newly operational project spans from Km 355.0 to Km 437.5 on NH-16, covering an aggregate length of 82.5 km. NH-16 is a strategically important north–south national highway corridor that connects several major economic hubs across southern and eastern India, making it one of the country’s busiest transport arteries.
The start of tolling at the Kaza Fee Plaza is particularly significant as it represents HIL’s first-ever toll operations contract of this scale. The project has been awarded by the National Highways Authority of India and carries a total contract value of ₹328.77 crore. This is also the largest single toll operations mandate executed by the company to date, underscoring a meaningful scale-up of its tolling vertical.
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