Mumbai: Highway Infrastructure Limited (HIL), an Indore-based infrastructure management company, has secured a ₹69 crore EPC (engineering, procurement and construction) contract from the Indore Development Authority (IDA) as the company looks to boost its order pipeline.
The project includes developing the Kumedi–Lasudiya Mori corridor up to A.B. Road, to support Indore’s expanding urban infrastructure and growth initiatives. According to the order, the company needs to complete the contract within 2.5 years.
The project aligns with the company’s focus on expanding its EPC portfolio across high-potential urban and regional growth corridors.
In a press release to the bourses, the company said it’s order book has already grown by 52% on a year to date (YTD) basis, with its total order pipeline now worth ₹633 crore. With this EPC order, HIL’s order book has reached ₹1,144 crores to date. Besides this, the company’s tollways collection order book has grown by 348% since March 2025, from ₹114 crores to ₹510 crores.
“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.” Mr. Arun Kumar Jain, Managing Director, Highway Infrastructure Limited, said.
