Shares of Highway Infrastructure Ltd surged 4.75% to Rs 83.86 on Monday following the company’s announcement of fresh EPC contract wins under the PM-eBus Seva initiative. The stock hit an intraday high of Rs 86.35, reflecting investor optimism over the company’s expanding order book.
New Project Wins
The company secured two EPC contracts from Atal Indore City Transport Service Limited (AICTSL) for the development of external electrification infrastructure to support electric bus charging at two depots — Nayta Mundla and Dewas Naka (Niranjanpur) — in Madhya Pradesh.
- Total contract value: Rs 3.05 crore
- Scheduled completion: March 2026
These projects mark a strategic expansion of Highway Infrastructure’s presence in the green mobility segment, aligning with India’s ongoing transition toward sustainable transport systems.
Strengthened Order Book
With these additions, the company’s total consolidated order book now stands at Rs 778 crore, reflecting a 47% increase since March 2025. Of this, Rs 587 crore comes from EPC projects (75%) and Rs 191 crore from toll projects (25%).
Managing Director Arun Kumar Jain said the company’s focus remains on leveraging its expertise in infrastructure electrification and toll management to capture opportunities in India’s evolving urban transport and infrastructure sectors.
Outlook
Launched by the Indian government, the PM-eBus Seva scheme is designed to modernize urban public transport by promoting electric buses and developing related depot and charging infrastructure. The initiative is expected to create significant opportunities for infrastructure developers like Highway Infrastructure, which has operations across 11 states and one Union Territory.
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