Innovision Limited Corrects NHAI Contract Value to ₹197.54 Crore
Innovision Limited corrected its previous disclosure regarding an NHAI contract. The contract value was revised from ₹8.12 crore to ₹197.54 crore. The agreement is for user fee collection and facility maintenance at Ghamroj Fee Plaza for one year, starting August 12, 2026.
The significant increase in the contract value from ₹8.12 crore to ₹197.54 crore represents a substantial change in the potential revenue and business scope for Innovision Limited, thus having a high impact on the company's financial outlook and market perception.
The announcement is a correction of a previous disclosure, rectifying a clerical error in the contract value. While the corrected value is significantly higher, the sentiment is neutral as it corrects a factual inaccuracy rather than introducing new positive or negative developments.
Innovision Limited has issued a corrigendum to its previous intimation dated June 25, 2026, regarding a Letter of Award (LoA) from the National Highways Authority of India (NHAI). The company states that due to an inadvertent clerical error, the previously disclosed commercial consideration for the order was incorrect.
The original disclosure mentioned an amount of ₹8,11,80,000 (Rupees Eight Crore Eleven Lakh Eighty Thousand Only). However, the corrected and accurate Broad Commercial Consideration or size of the order is ₹197,53,79,635 (Rupees One Hundred Ninety-Seven Crore Fifty-Three Lakh Seventy-Nine Thousand Six Hundred and Thirty-Five only).
This contract involves the engagement of Innovision Limited as the User Fee Collection Agency for the Ghamroj Fee Plaza, including the upkeep and maintenance of adjacent toilet blocks. The contract is for a period of one year, commencing from August 12, 2026. The company has expressed regret for the clerical error and reiterated its commitment to high standards of corporate governance and regulatory compliance.
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Innovision Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Innovision Limited. Read the original for the full detail.