NHAI debars Highway Infrastructure for three months over toll project LoA withdrawal - News Summed Up

NHAI debars Highway Infrastructure for three months over toll project LoA withdrawal


AdvtBy ,ETInfraJoin the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETInfra industry right on your smartphone! Download the ETInfra App and get the Realtime updates and Save your favourite articles. Highway Infrastructure has been debarred by the National Highways Authority of India (NHAI) for three months after it did not accept a Letter of Acceptance (LoA) related to a toll project in Andhra Pradesh.The company informed stock exchanges on Friday that its management had decided to withdraw the LoA issued for the Venkatapalem fee plaza project.Following the non-acceptance of the LoA, NHAI barred Highway Infrastructure, including its directors and owners, from participating in tenders as a pre-qualified bidder for a period of three months.The company did not specify any financial impact arising from the development, only noting that during this period it would not be eligible to participate in NHAI tenders.


Source: Economic Times April 10, 2026 12:47 UTC



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