Innovision Limited Wins Toll and Facility Maintenance Contract for NH-45-A Section
Innovision Limited has secured a Letter of Award (LoA) for a significant toll collection and facility maintenance contract along a stretch of National Highway-45-A (NH-332) in Tamil Nadu and UT. The contract was awarded by the National Highways Authority of India (NHAI).The award was granted following a competitive bidding process, with details recorded under tender ID NHAI/13013/547/CO/26-7/CB/Gangarampalayam_FP/E261452/B1R/442. Innovision Limited received the order on May 25, 2026, having been granted the award on May 22, 2026.
Contract Details and Scope of Work
The contract involves the engagement of Innovision Ltd as the user fee collection agency for the section spanning Km 18.500 of Viluppuram to Puducherry, covering Km 0.000 to Km 29.000 of NH-45-A (NH-332) in the states of Tamil Nadu and Union Territory.The scope of work includes not only user fee collection but also the upkeep and maintenance of adjacent Toilet Blocks, which involves recouping consumable items. The awarding entity, NHAI, is a domestic organization, and the contract is also domestic in nature.
Key specifics of the awarded contract are summarized below:
| Detail | Description |
|---|---|
| Awarding Entity | NHAI (National Highways Authority of India) |
| Nature of Contract | Toll collection and facility maintenance contract |
| Geographical Scope | Km 18.500 of Viluppuram to Puducherry Section (Km 0.000 to Km 29.000) of NH-45-A (NH-332) |
| Contract Status | Domestic |
| Promoter/Group Interest | None |
| Related Party Transaction | No |
Commercial and Timeline Considerations
The contract has a specified time period of one year, commencing from June 27, 2026.The broad commercial consideration for this contract has been reported as 24,89,29,635/- (Rupees Twenty Four Crores Eighty Nine Lacs Twenty Nine Thousand Six hundred and thirty five only).
INNOVISION Stock Price Movement
Today, Innovision Limited shares edged higher, closing at ₹309.9 after gaining 0.28% on the equity. The stock saw a total traded volume of 66,877 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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