Innovision Limited Secures ₹44.60 Crore Toll Collection Contract from NHAI
Innovision Limited has been awarded a one-year contract by NHAI to act as a user fee collection agency for the Turup fee plaza at Ranchi bypass. The contract is valued at ₹44.60 Crore and includes maintenance of toilet blocks. The award was granted on July 17, 2026.
The contract value of ₹44.60 Crore is substantial and is expected to contribute positively to the company's revenue and operations, justifying a medium impact.
The company has received a significant contract award, which is generally a positive development for business growth and revenue.
Innovision Limited announced on July 18, 2026, that it has received a Letter of Award (LoA) from NHAI (National Highways Authority of India) for engagement as a user fee collection agency. This contract, awarded through competitive e-tendering, pertains to the Turup fee plaza at Ranchi bypass in Jharkhand under NHDP Phase-III on EPC (Package-1). The scope also includes the upkeep and maintenance of adjacent toilet blocks, including the recouping of consumable items. The order was officially granted on July 17, 2026, and has a duration of one year.
The broad commercial consideration for this contract is ₹44,60,29,635 (Forty-Four Crore Sixty Lakh Twenty-Nine Thousand Six Hundred Thirty-Five Only). Innovision Limited confirmed that neither its promoters nor group companies have any interest in NHAI, and the contract does not fall under related party transactions. This award signifies a significant business win for Innovision Limited in the toll collection and facility maintenance sector.
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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.