Innovision Limited Awarded Contract by NHAI for Toll Collection and Facility Maintenance in Andhra Pradesh
Innovision Limited has received a Letter of Award (LoA) from the National Highways Authority of India (NHAI) concerning a significant toll collection and facility maintenance contract. The engagement involves management of the Vaddupalli fee plaza, which is located along the Anantapur-Kalyandurg section of a two lane road with paved shoulders on the EPC mode within Andhra Pradesh.The contract awards Innovision Limited the role of user fee collection agency for the specified project. This comprehensive agreement covers the upkeep and maintenance of adjacent Toilet blocks, including the recouping of consumable items. The award was granted following a competitive bidding process via e-Tender.
Key details regarding the contract awarded by NHAI to Innovision Limited are provided below:
| Particulars | Details |
|---|---|
| Awarding Entity | National Highways Authority of India (NHAI) |
| Nature of Contract | Toll collection and facility maintenance contract |
| Project Location | Vaddupalli fee plaza, Anantapur-Kalyandurg section (Andhra Pradesh) |
| Contract Value | 9,23,44,635/- (Rupees Nine crore twenty-three lakh forty-four thousand six hundred and thirty-five Only) |
| Execution Period | 1 year from August 24, 2026 |
| Project Status | Domestic Contract |
The contract specifies the engagement of Innovision Ltd as the user fee collection agency for the project. The project is defined under tender ID NHAI/13013/547/CO/26-27/CB/Vaddupalli/FP/E77017/B1/R/582.
Regarding conflicts and relationships, Innovision Limited confirmed that the contract does not involve any interest of its promoter or promoter group companies in the awarding entity. Furthermore, the transaction is not a related party transaction.
INNOVISION Stock Price Movement
Innovision Limited shares slipped by 1.62% today, settling at ₹288.5 after closing down ₹4.75 per share. The stock traded in a session-long range between a low of ₹288.0 and a high of ₹295.35, with total traded volume registering 11,132 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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