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Highway Infrastructure Limited was originally formed as a partnership firm under the Partnership Act, 1932 in the name of ‘M/s Highway Enterprises’ pursuant to a deed of partnership dated January 05, 1995. Thereafter, vide a conversion of the partnership firm to a joint stock company/ private limited company, the company was incorporated as ‘Highway Infrastructure Private Limited’, under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated on February 10, 2006, issued by the Registrar of Companies, Madhya Pradesh and Chhattisgarh at Gwalior. Subsequently, pursuant to a special resolution passed by its Shareholders at an extra-ordinary general meeting held on April 25, 2018, the company was converted from a private limited company to a public limited company and the name of the company was changed to ‘Highway Infrastructure Limited’ and fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Madhya Pradesh at Gwalior (RoC) on May 04, 2018.
Highway Infrastructure is an infrastructure development and management company. The company is engaged in the business of tollway collection, EPC Infra and real estate business. While the company’s business spans facets of infrastructure development and management, tollway collection stands out as a significant mix of its business, driving its revenues and financial performance followed by EPC Infra business which comprises of executing construction development projects of different types like roads, bridges, tanks, irrigation related construction and civil buildings etc., for customers.
The company is one of the few toll operators who have managed tollway collection based on Automatic Number Plate Recognition (ANPR) technology. The company employs updated Electronic Tollway Collection (ETC) systems, which leverage Radio Frequency Identification (RFID) tags and digital payment platforms to facilitate seamless and contactless toll payments. This model not only reduces congestion at toll plazas but also enhances operational efficiency by reducing transaction times and errors, thereby resulting in overall better management.
Its projects usually use both fund-based and non-fund-based banking facilities to meet the working capital requirements. Fund-based facilities provide the cash flow to cover its operating expenses, while non-fund-based facilities such as bank guarantees, etc. are used by the company to offer as a security under bid terms and are crucial for securing contracts in its EPC Infra and tollway collection projects. For securing bank guarantees, it needs to provide cash margin in the form of fixed deposits. The requirement to set aside incremental cash margins for additional contracts contributes to the overall need for higher working capital.
Business area of the company
The company is engaged in the business of tollway collection, EPC Infra and real estate business. While the company’s business spans facets of infrastructure development and management, tollway collection stands out as a significant mix of its business.
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