Innovision Limited Secures ₹99.35 Crore Toll Collection Contract from NHAI
Innovision Limited received a work order from NHAI for toll collection and maintenance at Vanagaram fee plaza. The contract, valued at ₹99.35 crore, is for one year starting April 15, 2026. This is a significant new order for the company.
The contract value of over ₹99 crore represents a significant revenue stream and is likely to have a material impact on the company's financial performance.
The company has secured a substantial new contract, which is a positive development for its business.
Innovision Limited has been awarded a significant work order by the National Highways Authority of India (NHAI) for the engagement of a user fee collection agency. This contract, secured through competitive e-bidding, pertains to the Vanagaram fee plaza on the Chennai Bypass Phase-I section (km 0.000 to km 19.170). The scope of work includes toll collection and the upkeep and maintenance of adjacent toilet blocks, including the recouping of consumable items.
The contract was digitally signed on 06.04.2026. The award was granted under tender ID NHAI/13013/547/CO/24-25/CB/Vanagram Fee Plaza/E-61263/298, with the formal award received on 07.04.2026. The contract is for a period of one year, commencing from 15 April 2026 (08:00 hrs) and concluding on 15 April 2027 (07:59 hrs).
The total consideration for this contract is ₹99,35,29,635 (Rupees Ninety-Nine Crore Thirty-Five Lakh Twenty-Nine Thousand Six Hundred Thirty-Five Only) based on FY 2025-26 rates. The entity awarding the contract is NHAI, a domestic entity, and the contract falls under toll collection and facility maintenance. There is no interest from promoters or group companies in NHAI, nor does the contract fall under related party transactions.
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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 high impact, which is the band that most often changes something.
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