Innovision Secures ₹44.6 Crore NHAI Toll Collection Contract for Turup Fee Plaza
Innovision Limited secured a one-year contract from NHAI to manage user fee collection at the Turup fee plaza on Ranchi Bypass, Jharkhand. The contract, awarded on July 17, 2026, has a total value of ₹44.60 crore. This expands Innovision's toll management portfolio and operational presence in Jharkhand.
The contract value of ₹44.60 crore is significant and adds to the company's existing portfolio, but it is a single plaza contract for one year, suggesting a moderate impact on overall financials.
The company has secured a new contract from a major government authority (NHAI), which is a positive development for its business.
Innovision Limited has received a Letter of Award (LoA) from the National Highways Authority of India (NHAI) to act as the user fee collection agency at the Turup fee plaza on the Ranchi Bypass in Jharkhand. The contract was awarded on July 17, 2026, through a competitive e-tender process and is valid for one year.
The scope of the engagement includes toll collection operations and the upkeep of adjacent toilet blocks. The total commercial consideration for this one-year contract is ₹44,60,29,635 (Rupees Forty-Four Crore Sixty Lakh Twenty-Nine Thousand Six Hundred and Thirty-Five only).
Lt. Col. Randeep Hundal, Chairman & Managing Director of Innovision Limited, stated that this award strengthens their toll management portfolio and extends their operational presence into Jharkhand. He highlighted that the company's growth in this vertical comes from the cumulative addition of plazas, and their toll management model remains asset-light, focusing on working capital. He also noted that India's toll collection sector benefits from NHAI's expanding pipeline and the shift towards digital collection.
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