Highway Infrastructure shares jump 9% after Rs 245 crore toll operations win from UP authority, NHAI
A infrastructure development with market-wide reach.
· Economic Times Markets, ET Stocks
Highway Infrastructure shares jumped after the company secured toll operations orders worth Rs 254 crore from UPEIDA and NHAI. The key order, worth Rs 220.66 crore, involves toll collection and plaza operations on the Gorakhpur Link Expressway, along with deployment of patrol-cum-safety vehicles.
The analysis
Infra spending is both an economic-cycle signal and a direct order pipeline for capital-goods names.
Market context
- The immediate tone of coverage reads positive.
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