Highway Infrastructure shares jump 9% after Rs 245 crore toll operations win from UP authority, NHAI

Highway Infrastructure shares jumped 9% after the company secured toll operations orders worth Rs 245 crore from the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) and the National Highways Authority of India (NHAI). This significant win for the company is likely to boost investor confidence and increase demand for its shares. The order, which includes toll collection and plaza operations on the Gorakhpur Link Expressway, is a major milestone for Highway Infrastructure and could lead to increased revenue and profitability for the company.

Why it matters

Highway Infrastructure secured a large toll operations order, which will likely increase its revenue and profitability. This development could lead to higher investor confidence and a positive impact on the company's stock price.

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