Innovision Limited corrects contract value for NHAI-awarded Toll Collection Agency gig
Innovision Limited has issued a correction regarding the commercial consideration for its engagement with the National Highways Authority of India (NHAI). The company revised the reported value for the contract, which involves managing the Ghamroj Fee Plaza, after identifying an clerical error in its previous submission.The correct Broad Commercial Consideration amount, as per the Letter of Award from NHAI, is ₹197,53,79,635/- (Rupees One Hundred Ninety-Seven Crore Fifty-Three Lakh Seventy-Nine Thousand Six Hundred and Thirty-Five only). This figure supersedes the previously reported value of ₹8,11,80,000/-.
The contract involves Innovision Limited serving as the User Fee Collection Agency for the Ghamroj Fee Plaza. The project is located at Gurgaon-Sohna/NH-248 across Haryana and Rajasthan states.
Key details regarding the toll collection and facility maintenance contract are summarized below:
| Detail | Specification |
|---|---|
| Awarding Entity | National Highways Authority of India (NHAI) |
| Contract Scope | Toll collection and facility maintenance for Ghamroj Fee Plaza, including adjacent toilet blocks and consumables. |
| Nature of Contract | Domestic Toll Collection and Facility Maintenance |
| Execution Period | 1 year from August 12, 2026 |
| Correct Commercial Consideration | ₹197,53,79,635/- |
The contract is defined as a domestic transaction. Furthermore, the company confirmed that neither the promoter nor any of its group companies have an interest in NHAI, and the agreement does not fall under related party transactions.
INNOVISION Stock Price Movement
Today, Innovision Limited shares edged higher after the market close, settling at ₹289.40 following a 2.10% gain. The stock traded within a range that included a low of ₹288.3, with total volume reaching 107,230 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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