Innovision Secures ₹36.57 Crore Toll Collection Contract from NHAI for 1 Year
Innovision Limited received a Letter of Award from NHAI for user fee collection and maintenance services. The contract is valued at ₹36.57 crore and is for a duration of one year, starting July 6, 2026.
The contract value of ₹36.57 crore is substantial and represents new business for the company, but it is for a period of one year, limiting its long-term impact.
The company has been awarded a significant new contract, which is expected to positively impact its revenue and business operations.
Innovision Limited has announced the receipt of a Letter of Award (LoA) / work order from the National Highways Authority of India (NHAI) for engagement as a user fee agency.
The contract involves toll collection at Km 165.150 of NH-12, specifically for the stretch from the Sindoor River to the start of Bareli Bypass (km 130.00 to km 193.00) in Madhya Pradesh. Additionally, the scope includes the upkeep and maintenance of adjacent toilet blocks and recouping consumable items.
The order was granted under tender ID NHAI/13013/547/CO/26-7/CB/Khiriya FP/E122884/B-1R/448. The commercial consideration for this contract is ₹36,57,29,635 (Rupees Thirty Six Crores Fifty Seven Lacs Twenty Nine Thousand and Six Hundred Thirty Five only).
The contract is for a period of 1 year, commencing from 06.07.2026. The award is considered a domestic contract, and neither the promoter nor group companies have any interest in NHAI, nor does it fall under related party transactions.
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