Support and Resistance Levels
Past performance
About Highway Infrastructure Ltd **Highway Infrastructure Limited** is a construction and infrastructure company established originally as a partnership firm in 1995 under the name Highway Enterprises, before being converted into a private limited company in 2006. It later transitioned into a public limited company in May 2018. Headquartered in Madhya Pradesh, the company has become a prominent player in road construction and infrastructure development, specializing in highways, flyovers, expressways, bridges, and residential projects, primarily in Indore and nearby areas such as Bhopal, Dhar, and Hoshangabad.
The company's core business is the maintenance and operation of roads and highways, supplemented by a diverse portfolio that includes asphalt and concrete road construction, civil infrastructure works, and real estate development. Since FY 2011, Highway Infrastructure Limited has strategically expanded into real estate through independent projects and joint development agreements. This dual focus on civil infrastructure and real estate has allowed it to diversify its revenue streams while maintaining a dominant presence in its core market.
As of August 2018, the company has 8 ongoing projects in roads and bridges worth ₹108.17 crore, which include construction, widening, and upgrading of highways and high-level bridges. Historic achievements include completing road and highway projects valued at ₹367 crore, besides delivering a residential project in New York City worth ₹90 crore. These endeavors underscore the company’s technical expertise and project execution capabilities.
To fuel further growth, the company is proposing a public issue of 34,76,000 equity shares, aggregating to ₹23.64 crore. This move is expected to provide the necessary capital to expand its footprint across infrastructure and real estate sectors, solidifying its position as a key player in India’s construction and infrastructure industry.