BSECompany Update6d ago · 31 Jul 2026, 10:21 am
Announcement
PVV Infra Ltd · 536659
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PVV Infra Ltd has received two Letters of Award (LOA) from National Highways Logistics Management Limited (NHLML) for the development, operation, and maintenance of wayside amenities on National Highways in Madhya Pradesh on a Design, Build, Operate and Transfer (DBOT) basis.
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PVV Infra Ltd - 536659 - Receipt Of Letters Of Award (LOA) From National Highways Logistics Management Limited (NHLML), A 100% Owned SPV Of The National Highways Authority Of India (NHAI).
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Date: July 31, 2026
The Manager,
Department of Corporate Services,
BSE Limited
Phiroze Jeejeebhoy Towers, Dalal Street,
Mumbai – 400 001
Scrip Code: 536659 | Symbol: PVVINFRA | ISIN: INE428B01021
Dear Sir/Madam,
Sub: - Receipt of Letters of Award (LOA) from National Highways Logistics Management Limited (NHLML),
a 100% owned SPV of the National Highways Authority of India (NHAI) under the Ministry of Road Transport
and Highways, Government of India for:
i) NH-44, Gwalior–Jhansi Corridor, Dabra, Madhya Pradesh
ii) NH-752D, Ujjain–Garoth Corridor, Dhanodiya, Madhya Pradesh
for Development, Operation and Maintenance of Wayside Amenities on Lease Basis (DBOT).
Ref: - Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read
with the SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026, we hereby inform
you that PVV Infra Limited (“the Company”) has received two (2) Letters of Award (LOA) from National Highways
Logistics Management Limited (NHLML), a 100% owned Special Purpose Vehicle (SPV) of the National Highways
Authority of India (NHAI) under the Ministry of Road Transport and Highways, Government of India, dated Thursday,
July 30, 2026, for Development, Operation and Maintenance of Wayside Amenities (WSA) on National Highways in
the State of Madhya Pradesh on a Design, Build, Operate and Transfer (DBOT) basis, with a combined Annual Lease
Rent of ₹2,49,44,950/- (Rupees Two Crore Forty-Nine Lakh Forty-Four Thousand Nine Hundred and Fifty Only).
Details of the Letters of Award are as under:
LOA 1 – NH-44, Gwalior–Jhansi Corridor, Dabra, Madhya Pradesh:
Particulars Details
LOA Reference Number NHLML-WSA0BIDS(INVI)/8/2026/E-3473/408
Date of LOA Thursday, July 30, 2026
Awarded by National Highways Logistics Management Limited (NHLML) — 100%
SPV of NHAI
Tender ID 2026_NHAI_269742_1
Site NH-44 / Gwalior–Jhansi Road / Km 112+000 / Dabra/ Madhya Pradesh
Nature of Award Successful Bidder— Development, Operation and Maintenance of
Wayside Amenities (DBOT basis)
Annual Lease Rent ₹73,40,000/- (Rupees Seventy-Three Lakh Forty Thousand Only)
Development Performance Security ₹36,70,000/- — to be submitted within 30 days of LOA
Acceptance Timeline Within 7 days of issuance of LOA
Agreement Timeline Within 10 days of submission of Performance Security
LOA 2 – NH-752D, Ujjain–Garoth Corridor, Dhanodiya, Madhya Pradesh:
Particulars Details
LOA Reference Number NHLML-WSA0WEST(MISC)/1/E-3410/409
Date of LOA Thursday, July 30, 2026
Awarded by National Highways Logistics Management Limited (NHLML) — 100%
SPV of NHAI
Tender ID 2026_NHAI_274049_1
Site NH-752D / Ujjain–Garoth / 46+400 / LHS / Dhanodiya, Madhya
Pradesh
Nature of Award Highest Bidder — Development, Operation and Maintenance of
Wayside Amenities (DBOT basis)
Annual Lease Rent ₹1,76,04,950/- (Rupees One Crore Seventy-Six Lakh Four Thousand
Nine Hundred and Fifty Only)
Development Performance Security ₹88,02,475/- — to be submitted within 30 days of LOA
Acceptance Timeline Within 7 days of issuance of LOA
Agreement Timeline Within 10 days of submission of Performance Security
Location Significance of Site-NH-752D, Ujjain–Garoth Corridor, Dhanodiya, Madhya Pradesh: The
Dhanodiya wayside amenity site is situated on the NH-752D Ujjain–Garoth corridor in proximity to Ujjain, one of
the four sacred cities of India and home to the revered Mahakaleshwar Jyotirlinga. Ujjain is scheduled to host the
Simhastha Purna Kumbh Mela in 2028, one of the largest religious and cultural gatherings in the world, which is
expected to attract significant pilgrim and tourist traffic to the region.
Additional Bids in Process:
In addition to the two LOAs received above, the Company had also submitted bids for 4 (Four) WSA sites across the
states of Andhra Pradesh and Uttar Pradesh, under tenders issued by NHLML. These bids have been technically
qualified and the financial bid opening is awaited. The bids were submitted under the authority of a Power of Attorney
granted to Mr. Shubh Ganguly, Managing Director (DIN: 01229359), as the authorized signatory for all NHLML
WSA bidding processes. The results of the said bids have not been disposed of as on the date of this disclosure. The
details of these 4 pending bid sites are as under:
Sr. Site / Highway Section State Location
1. Bengaluru–Chennai / BCE2 / Phase II Andhra Pradesh Baireddipalle
/ Km 92+320 / LHS
2. Bengaluru–Chennai / BCE2 / Phase II Andhra Pradesh Baireddipalle
/ Km 92+320 / RHS
3. Delhi–Dehradun / Saharanpur– Uttar Pradesh Saharanpur
Ganeshpur / Km 38+000 / LHS
4. Delhi–Dehradun / Saharanpur– Uttar Pradesh Saharanpur
Ganeshpur / Km 38+300 / RHS
The Company will make necessary disclosures under applicable laws upon receipt of the outcomes of the above bids.
The Company intends to expand its participation in the WSA infrastructure segment. Revenue from the projects will
depend on successful development, operation and utilization of the facilities in accordance with the concession terms.
The Company has submitted bids for four additional WSA sites, the Company has positioned itself as an active
participant in India’s national highway wayside amenities program spanning Andhra Pradesh, Madhya Pradesh and
Uttar Pradesh.
This disclosure is being made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 read with the SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026
dated January 30, 2026.
This is for your information and records.
Thanking you,
Yours faithfully,
For PVV Infra Limited
Akhilesh Kumar
Company Secretary & Compliance Officer