Legal9 April 2026 at 05:31 pm
Highway Infrastructure Ltd Debarred for Three Months by NHAI
AI Summary
Highway Infrastructure Ltd has announced the withdrawal of the Letter of Acceptance (LOA) issued by the National Highway Authority of India (NHAI) for the operations of Venkatapalem Fee Plaza in Andhra Pradesh. As a result, NHAI has debarred the company, along with all its directors and owners, from the list of pre-qualified bidders for a period of three months. This decision was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Highway Infrastructure Ltd withdraws Letter of Acceptance (LOA) from NHAI for Venkatapalem Fee Plaza operations
- NHAI debarred the company, directors, and owners from the list of pre-qualified bidders for three months
- The debarment is due to the non-acceptance of the LOA by the company
- The company is not eligible to participate in NHAI tenders for three months
- This decision is in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015