Innovision Limited Secures ₹24.53 Crore Toll Collection Contract from NHAI
Innovision Limited secured a one-year contract from NHAI to act as a user fee collection agency for the Pachwara fee plaza on NH-39. The contract is valued at ₹24.53 crore and includes maintenance of adjacent toilet blocks. The award was granted on September 7, 2026.
The contract value of ₹24.53 crore is substantial and will contribute to the company's revenue. While significant, it is a single contract and its overall impact on the company's total financials will determine if it's high or medium. For now, it's considered medium.
The company has received a significant new order/contract from a government authority (NHAI), which is a positive development indicating business growth and revenue generation.
Innovision Limited has announced that it has received a Letter of Award (LoA) / Work Order from the National Highways Authority of India (NHAI) for engagement as a user fee collection agency. This contract pertains to the Pachwara fee plaza on NH-39, specifically for the four-laning of the Jhansi Khajuraho Section in Madhya Pradesh. The scope of work also includes the upkeep and maintenance of adjacent toilet blocks, including the provision of consumable items.
The award was granted on September 7, 2026, following a competitive bidding process through e-tender. The contract is for a duration of one year, with a significant commercial consideration valued at ₹24,52,79,635 (Twenty Four Crore Fifty Two Lakh Seventy Nine Thousand Six Hundred Thirty Five).
Innovision Limited is a domestic entity, and this contract falls under the nature of toll collection and facility maintenance. The company has confirmed that its promoters or group companies do not have any interest in NHAI, and the contract does not fall within related party transactions.
What to do with a filing like this
Innovision Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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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.