Innovision Limited Secures Major Contract from NHAI for Fee Plaza Management and Maintenance
Innovision Limited has secured a significant contract award from the National Highways Authority of India (NHAI) to manage and maintain a fee plaza along the National Highway 112 in Rajasthan. The engagement involves user fee collection, facility upkeep, and general maintenance duties for the designated infrastructure project.The order was granted on July 21, 2026. NHAI awarded the contract to Innovision Limited following a competitive bidding process conducted via E-Tender.
Under the agreement, Innovision Limited will operate as the user fee collection agency for the Biratiya Kalan Fee Plaza. The plaza is situated at Bar-Bilara-Jodhpur Section of NH-112, which falls under the NHDP Phase-IV in Rajasthan.
The contract scope includes not only toll collection but also the comprehensive upkeep and maintenance of adjacent Toilet blocks, as well as recouping consumable items associated with the facility. The engagement is set to last for a period of one year.
The commercial terms and operational details of the contract are as follows:
| Particular | Detail |
|---|---|
| Awarding Entity | NHAI (National Highways Authority of India) |
| Nature of Contract | Toll collection and facility maintenance contract |
| Project Scope | Biratiya Kalan Fee Plaza at Bar-Bilara-Jodhpur Section of NH-112 |
| Contract Value | 97,52,79,635 |
| Duration | 1 year |
The contract is a domestic engagement. Both Innovision Limited and the awarding entity confirmed that there are no existing interest conflicts or related party transactions pertaining to this work order.
INNOVISION Stock Price Movement
On Wednesday, Innovision Limited's shares slipped 0.24%, closing at ₹286.1 after shedding ₹0.70 from the previous close. The equity saw a traded volume of 19,315 shares during the session.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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