Innovision Limited Wins Major Toll Collection and Facility Maintenance Contract from NHAI
Innovision Limited has been awarded a contract by the National Highways Authority of India (NHAI) for toll collection and facility maintenance, totaling 4,20,30,000/-. The engagement was granted following a competitive bidding process through an e-Tender conducted by the NHAI.The contract encompasses critical infrastructure management across multiple sections of national highways in Haryana and Rajasthan. Innovision Ltd has been engaged as a user fee agency for various projects within this comprehensive agreement.
Details of the awarded project are as follows:
| Awarding Entity | Contract Type | Total Consideration | Execution Period |
|---|---|---|---|
| NHAI (National Highways Authority of India) | Toll Collection and Facility Maintenance Contract | 4,20,30,000/- (Four crores twenty lakhs thirty thousand Only) | 1 year from 19.08.2026 |
The scope of work involves the management of three major sections:
- National Highway 148B: Management of the Sirohi Bahali Fee Plaza at km. 23.000, covering the section from Paniyala Mor to Narnaul (Design kilometer 0.000 to kilometer 31.240; existing km 7.960 to km 39.340).
- NH-148: Oversight of the Narnaul bypass, covering design km 28.000 to km 51.460.
- National Highway 11: Management of the stretch from Narnaul to Pacheri Kalan (Design km 0.000 to km 11.300; existing km 68.700 to km 79.000) in Haryana and Rajasthan.
In addition to toll collection, which falls under the category of a domestic contract, Innovision Limited is also responsible for the unkeep/maintenance of adjacent Toilet blocks, including replenishing consumable items at all specified locations.
The order was granted on June 24, 2026, and Innovision Ltd received the award on June 25, 2026. The agreement involves no interest held by the promoter or group companies in the awarding entity (NHAI) and is not considered a related party transaction.
INNOVISION Stock Price Movement
Shares of Innovision Limited slipped by 1.35% on Thursday, settling at ₹286.50 in the market session. The stock traded a volume of 14,711 shares during 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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