Highway Infrastructure wins Rs 198.309998408 crore CPWD contract

Highway Infrastructure Limited received a Rs 198.309998408 crore Central Public Works Department contract on November 3, 2026, to plan, design and construct Phase-I facilities for the CISF 12th Reserve Battalion in Sehore, Madhya Pradesh. The assignment covers residential and non-residential infrastructure at Village Jamunia Talab and carries a two-year execution period.

What contract has Highway Infrastructure received?

Highway Infrastructure received a Letter of Acceptance from the Central Public Works Department, or CPWD, for a Rs 198.309998408 crore construction assignment issued on November 3, 2026. The disclosed contract covers planning, designing and constructing Phase-I infrastructure for the establishment of the CISF 12th Reserve Battalion at Village Jamunia Talab in Sehore district, Madhya Pradesh.

The Rs 198.309998408 crore consideration applies to the complete disclosed Phase-I scope rather than separately priced residential and non-residential portions. CPWD issued the Letter of Acceptance on November 3, 2026, the same date as Highway Infrastructure's stock-exchange announcement under Regulation 30 of the Securities and Exchange Board of India, or SEBI, Listing Obligations and Disclosure Requirements Regulations, 2015.

The order is a domestic contract, according to the annexure filed by Highway Infrastructure. Its stated nature is an award for planning, designing and constructing residential and non-residential infrastructure, while the procurement structure is identified as EPC Mode-I, meaning the disclosed assignment combines engineering, procurement and construction responsibilities.

What work is included in the Sehore project?

Highway Infrastructure will plan, design and construct residential and non-residential infrastructure in Phase-I for the CISF 12th Reserve Battalion. The project is located at Village Jamunia Talab in Sehore district, Madhya Pradesh, and the November 3, 2026 filing identifies it as part of establishing the battalion rather than as a road or highway assignment.

The scope covers two facility categories, residential and non-residential infrastructure, but the disclosure provides one combined Rs 198.309998408 crore order value. Unlike a category-wise award with separately disclosed values, this contract does not allocate consideration, quantities, built-up area or completion milestones between the two categories, so their respective shares cannot be measured from the filing.

The Phase-I description limits the disclosed award to that stage of the battalion establishment. Highway Infrastructure did not disclose any value or award for later phases, additional battalion facilities or work outside the residential and non-residential infrastructure listed in the Letter of Acceptance dated November 3, 2026.

When must Highway Infrastructure complete the CPWD project?

Highway Infrastructure has a two-year period to execute the CPWD order, according to the contract details disclosed on November 3, 2026. The filing provides the duration but does not state a calendar completion date, interim construction targets or a billing schedule for the Rs 198.309998408 crore assignment.

The disclosed position changes from contract award to a two-year delivery obligation: the Letter of Acceptance confirms the Phase-I assignment, while planning, design and construction are to be carried out during the stated execution period. The announcement does not say whether work had begun by November 3, 2026, or identify the pattern for recognising revenue over the two years.

Highway Infrastructure labels the assignment EPC Mode-I, but the November 3, 2026 announcement does not explain its commercial terms. No advance payments, retention amounts, variation provisions, performance guarantees, penalties or payment timings are disclosed for the two-year contract period.

Who awarded the order and is it a related-party transaction?

CPWD awarded the Rs 198.309998408 crore order to Highway Infrastructure and is classified in the filing as a domestic entity. The award concerns Phase-I facilities at Village Jamunia Talab, Sehore, for the CISF 12th Reserve Battalion and was issued on November 3, 2026.

Highway Infrastructure disclosed that neither its promoters nor promoter-group companies have an interest in CPWD. It also stated that the contract is not a related-party transaction, placing the two-year order outside that classification in its Regulation 30 disclosure.

The announcement was signed by Palak Rathore, Company Secretary and Compliance Officer, and refers to the SEBI Master Circular dated November 11, 2024. That disclosure framework is cited for the details on the awarding entity, scope, domestic status, execution period, contract size and related-party position for the Phase-I order.

What does the contract disclose about Highway Infrastructure's project pipeline?

The disclosed order adds a Rs 198.309998408 crore, two-year institutional-infrastructure assignment covering residential and non-residential facilities for a CISF battalion. The November 3, 2026 announcement identifies the customer, location, scope and duration of this individual project, but it does not disclose Highway Infrastructure's total order book before or after the award.

The filing also gives no comparison with previous CPWD awards, earlier CISF projects, annual revenue or profitability. The available information therefore supports identifying a new Phase-I contract, but it does not support calculating its share of Highway Infrastructure's wider pipeline or financial performance.

Conclusion

Highway Infrastructure has secured a domestic CPWD assignment worth Rs 198.309998408 crore for Phase-I residential and non-residential facilities at the CISF 12th Reserve Battalion site in Sehore. The order combines planning, design and construction under EPC Mode-I, with one contract value for both facility categories and no disclosed category-level allocation.

The next disclosed obligation is execution within two years. Progress on commencement, billing or completion would be relevant to follow because the November 3, 2026 filing does not provide interim milestones, payment terms, a category-wise value split or a calendar completion date.