Innovision Limited Corrects Commercial Consideration for NHAI Fee Plaza Contract
Innovision Limited has provided a correction regarding the Broad Commercial Consideration associated with its engagement as the User Fee Collection Agency for the Sirohi Bahali Fee Plaza, awarded by the National Highways Authority of India (NHAI). The company confirmed that the correct size of the contract is ₹102,27,29,635/- (Rupees One Hundred Two Crore Twenty-Seven Lakh Twenty-Nine Thousand Six Hundred ThirtyFive Only).The corrected amount supersedes the previous disclosure where the consideration was inadvertently mentioned as ₹4,20,30,000/-.
The contract details relate to Innovision’s role in managing the fee plaza and associated infrastructure across various sections of National Highway number 148B and National Highway number 11. This engagement is a domestic toll collection and facility maintenance contract awarded by NHAI.
Key terms and conditions of this significant contract include:
| Particulars | Details |
|---|---|
| Entity Awarding Contract | NHAI (National Highways Authority of India) |
| Nature of Contract | Toll collection and facility maintenance contract |
| Contract Type | Domestic |
| Time Period | 1 year from August 19, 2026 |
| Commercial Consideration | ₹102,27,29,635/- (Rupees One Hundred Two Crore Twenty-Seven Lakh Twenty-Nine Thousand Six Hundred Thirty-Five Only) |
The scope of the contract includes engagement as a user fee agency for the Sirohi Bahali Fee Plaza. This undertaking involves managing multiple highway sections, including portions of National Highway number 148B and Narnaul bypass, alongside a section of National Highway number 11 in Haryana and Rajasthan. The work also covers the upkeep of adjacent Toilet blocks and related consumable items.
INNOVISION Stock Price Movement
Today, shares of Innovision Limited gained 2.10% in the post-market session, successfully closing at ₹289.40 today. The stock recorded a volume of 107,230 shares through its trading period.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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