Highway Infrastructure Limited has bagged a ₹146 million work order from Sacham Highway Real Estates Pvt. Ltd. for construction and development at the Beverly Greens residential colony in Indore. The two-year project strengthens the company’s domestic portfolio and is structured as a related-party transaction at arm’s length.
Highway Infrastructure Limited announced today that it has received a significant work order valued at approximately ₹14.60 crore for the Beverly Greens residential colony project in Indore. The contract, awarded by Sacham Highway Real Estates Pvt. Ltd., will span two years and involves extensive construction and development work.
Project Overview
The Beverly Greens project covers multiple plots in Village Tillore Khurd, Indore. Highway Infrastructure will undertake construction and development activities, reinforcing its presence in the residential infrastructure segment.
Financial Scope
The order is valued at ₹146 million, subject to variation depending on site conditions, plus applicable GST. The company confirmed that the transaction qualifies as a related-party deal but is executed on an arm’s length basis in the ordinary course of business.
Key Highlights
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Work order worth ₹14.60 crore
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Awarded by Sacham Highway Real Estates Pvt. Ltd.
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Residential colony project Beverly Greens in Indore
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Execution timeline of two years
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Related-party transaction at arm’s length
Sources: Company filing with BSE and NSE