Innovision Limited Secures ₹30.37 Crore Toll Collection Contract from NHAI
Innovision Limited received a Letter of Award from NHAI for a user fee agency contract at Manambadi fee plaza, Tamil Nadu. The 1-year contract is valued at ₹30.37 Crore and includes toll collection and facility maintenance.
The contract value of over ₹30 crore is significant and will contribute to the company's revenue, but it is not a transformative deal.
The company has secured a new contract, which is a positive development for its business.
Innovision Limited has announced the receipt of a Letter of Award (LoA) / Work Order for the engagement of a user fee agency. This contract was secured through competitive bidding for the Manambadi fee plaza on the Sethiyathope - Cholpauram Section of NH-36 in Tamil Nadu. The scope of work includes toll collection and the upkeep and maintenance of adjacent toilet blocks, including the recoupment of consumable items.
The order was granted by the National Highways Authority of India (NHAI) and is a domestic contract. The contract has a duration of 1 year and represents a significant commercial consideration of ₹30,36,79,635 (Thirty Crore Thirty Six Lakh Seventy Nine Thousand and Six Hundred Thirty Five Only).
The award was officially granted on August 28, 2026. The company has confirmed that promoters, promoter groups, or group companies do not have any interest in the entity that awarded the order, and the contract does not fall within related party transactions.
A plain-language summary of a public exchange filing by Innovision Limited. Read the original for the full detail.