Innovision Limited Secures Major Toll Collection and Facility Maintenance Contract from NHAI
Innovision Limited has been awarded a significant contract by the National Highways Authority of India (NHAI) for user fee collection and facility maintenance across two designated toll plazas in Uttar Pradesh. The agreement, finalized on August 20, 2026, details Innovision's role as the fee agency for the Etaura Bujurg and Akhtiyari Kotila fee plazas.The contract encompasses the management of the two-lane section with paved shoulder along the Raebareilly-Allahabad Section in Uttar Pradesh. Innovision’s responsibilities under the agreement include managing user fees, maintaining the adjacent toilet blocks, and recouping consumable items associated with these facilities.
This domestic contract has a duration spanning one year. The commercial consideration for this extensive operation was established at 51,53,79,635 (Fifty One Crore Fifty Three Lakh Seventy Nine Thousand Six Hundred Thirty Five).
The details of the engagement are summarized below:
| Aspect | Details |
|---|---|
| Awarding Entity | NHAI (National Highways Authority of India) |
| Contract Nature | Toll collection and facility maintenance contract for Etaura Bujurg and Akhtiyari Kotila fee plazas. |
| Scope | Fee management and upkeep/maintenance of adjacent toilet blocks along the Raebareilly-Allahabad Section in Uttar Pradesh. |
| Nature of Entity (Awarding) | Domestic entity |
| Contract Duration | 1 year |
| Commercial Consideration | 51,53,79,635 |
Innovision Limited confirmed that the contract involves no interest from the promoter or the promoter group in the NHAI. Furthermore, the engagement falls outside the category of related party transactions and is conducted on an arm's length basis.
INNOVISION Stock Price Movement
On Friday, Innovision Limited shares slipped by 1.67% to settle at ₹264.55. The stock closed near its 52-week low, registering a total traded volume of 12,854 shares on the day.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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