Innovision Limited Secures Aashpur Fee Plaza Mandate from NHAI Worth ₹83.29 Crore

Innovision Limited has been awarded a Letter of Award (LoA) by the National Highways Authority of India (NHAI) to operate as the user fee collection agency at the Aashpur Fee Plaza. This plaza is located at Design Km. 231.100 on the Aligarh - Kanpur section of NH-91 in Uttar Pradesh.

The mandate, granted on August 10, 2026, was secured through a competitive e-tender process. The scope of the contract includes toll collection and the upkeep and maintenance of adjacent toilet blocks, along with the recoupment of consumable items. The engagement is for a term of one year, with a broad commercial consideration of ₹83,29,29,635 (Rupees Eighty-Three Crore Twenty-Nine Lakh Twenty-Nine Thousand Six Hundred and Thirty-Five only).

Lt. Col. Randeep Hundal, Chairman & Managing Director of Innovision Limited, commented that this mandate extends the company's toll management operations in Uttar Pradesh and reinforces its focus on this business vertical. He highlighted that the company's toll management vertical scales through the steady accumulation of individual plaza engagements, maintaining an asset-light model where working capital is the primary requirement, allowing for expansion without proportionate capital intensity increases. He also noted that the disclosed commercial consideration is the gross value, and the company retains an agreed spread after remitting collections to NHAI. The management indicated that NHAI's pipeline of toll asset tenders and the sector-wide shift toward digital fee collection may provide future opportunities, and they intend to remain disciplined in their participation.