Innovision Ltd Awarded 1-Year Toll Collection and Facility Maintenance Contract Worth ₹27.52 Crore from NHAI
Innovision Limited has secured a significant contract in the infrastructure sector, receiving a Letter of Award (LoA) from the National Highways Authority of India (NHAI). The contract involves the engagement of Innovision Ltd as a user fee agency for the kariyamanglam fee plaza and associated facility maintenance along a key stretch in Tamil Nadu.The award was granted on July 7, 2026, through competitive bidding processes managed by NHAI. Under the terms of the contract, which is valued at ₹27,52,09,635 (Twenty Seven Crore Fifty Two Lakh Nine Thousand Six Hundred and Thirty Five only), Innovision will manage the fee plaza and maintain surrounding facilities.
The scope of work covers the operation of a two-lane kariyamanglam fee plaza with paved shoulders along the Tindivanam to Krishnagiri section in Tamil Nadu. Beyond toll collection, Innovision is responsible for the upkeep and maintenance of adjacent toilet blocks, including ensuring the proper recouping of consumable items.
This domestic contract has a defined term of one year. The engagement falls under the category of a toll collection and facility maintenance contract.
Key details regarding the awarded contract are summarized below:
| Particular | Details |
|---|---|
| Contracting Entity | NHAI (National Highways Authority of India) |
| Nature of Order | Toll collection and facility maintenance for a kariyamanglam fee plaza |
| Operational Scope | Tindivanam to Krishnagiri section, Tamil Nadu |
| Duration | 1 year |
| Commercial Consideration | ₹27,52,09,635 |
Innovision Ltd confirmed that the contract does not constitute a related party transaction, and the company has no promoter or group company interest in the entity awarding the work order.
INNOVISION Stock Price Movement
Today, shares of Innovision Limited shed 1.87%, closing at ₹284.05 after settling in post-market trading. The stock’s decline saw it plunge to its 52-week low, with a volume of 33,566 shares recorded 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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