Innovision Limited Awarded 142 Crore Contract for Toll Plaza Management in Maharashtra
Innovision Limited has secured a significant contract as the user fee collection agency and maintenance provider for the Subgavhan Toll Plaza in Maharashtra. The engagement was granted by NHAI (National Highways Authority of India) through competitive bidding, amounting to a commercial consideration of 142,78,79,635.The order details the engagement of Innovision Ltd as the user fee agency for the Subgavhan Toll Plaza located in Maharashtra. The contract also covers the Upkeep and Maintenance of adjacent Toilet blocks, including the replenishment of consumable items at the site.
The award was finalized on 10.07.2026 under tender ID NHAI/13013/547/CO/26-27/CB/Subgavhan Fee Plaza/E206651/R1722. The contract specifies a time period of one year for execution.
Key details regarding the toll collection and facility maintenance contract are presented below:
| Particular | Details |
|---|---|
| Awarding Entity | NHAI (National Highways Authority of India) |
| Contract Nature | Toll collection and facility maintenance |
| Location | Subgavhan Toll Plaza, Maharashtra |
| Financial Consideration | 142,78,79,635 |
| Contract Duration | 1 year |
The engagement is a domestic contract. Innovision Limited confirmed that there is no interest from the company's promoters or promoter group in the entity that awarded the contract. Furthermore, the transaction is not classified as a related party transaction.
INNOVISION Stock Price Movement
Innovision Limited shares edged higher today, settling at ₹289.3 after gaining 0.43% in the closed market. The stock traded within an intraday range spanning from a low of ₹288 to a high of ₹292.5, with total volume reaching 26,211 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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