Innovision Limited Secures ₹48.25 Crore Contract from NHAI for Toll Plaza Operations
Innovision Limited secured a one-year contract worth ₹48.25 crore from NHAI. The contract involves user fee agency services at Mangapatnam Fee Plaza on NH-67, including toll collection and facility maintenance. The award was granted on September 2, 2026.
The contract value of ₹48.25 crore is substantial and is expected to positively impact the company's revenue and operations, but it is a single order and does not represent a fundamental shift in the company's business model.
The company has secured a significant new order from NHAI, which is a positive development for its business.
Innovision Limited has announced that it has received a Letter of Award (LoA) / Work Order from the National Highways Authority of India (NHAI) for the engagement of a user fee agency. This contract pertains to the Mangapatnam Fee Plaza on NH-67, covering the stretch from Tadipatri to Jammalamadugu via Muddanur in Andhra Pradesh. The scope of work also includes the upkeep and maintenance of adjacent toilet blocks and recouping consumable items.
The award was granted through competitive bidding under tender ID NHAI/13013/547/CO/26-27/CB/Mangapatnam FP/E277511/B1/R/36. The order was officially granted on September 2, 2026.
The contract is for a period of one year and has a significant commercial value of ₹48,25,29,635 (Rupees Forty-Eight Crore Twenty-Five Lakh Twenty-Nine Thousand Six Hundred and Thirty-Five Only). The nature of the contract is toll collection and facility maintenance, and it is with a domestic entity. There is no interest from promoters or group companies in NHAI, and the contract does not fall under related party transactions.
A plain-language summary of a public exchange filing by Innovision Limited. Read the original for the full detail.