Innovision Ltd Awarded Contract by NHAI for Turup Fee Plaza Management in Jharkhand
Innovision Limited has secured a contract from the National Highways Authority of India (NHAI) related to the management and upkeep of a major fee plaza on a state highway. The award concerns the user fee collection agency role for the Turup fee plaza located at Ranchi Bypass in Jharkhand.The engagement, granted by NHAI, covers the operations for the Turup fee plaza under the National Highways Development Project (NHDP) Phase-III. This contract involves both the construction and facility management aspects of the plaza and adjacent toilet blocks, including the recouping of consumable items.
The work order was granted on July 17, 2026. The contract is designated as a toll collection and facility maintenance agreement with NHAI.
Key commercial details of the contracted project are as follows:
| Parameter | Details |
|---|---|
| Awarding Entity | National Highways Authority of India (NHAI) |
| Nature of Contract | Toll collection and facility maintenance contract |
| Project Location | Turup fee plaza, Ranchi Bypass, Jharkhand |
| Contract Duration | 1 year |
| Commercial Consideration | 44,60,29,635 (Forty Four Crore Sixty Lakh Twenty Nine Thousand Six Hundred Thirty Five Only) |
The contract is domestic in nature. Innovision Limited confirmed that the project does not constitute a related party transaction, and there was no interest held by the promoter group or any of its companies in the entity that awarded the order.
INNOVISION Stock Price Movement
Shares of Innovision Limited slipped by 0.98% on Friday, closing at ₹287.6 after shedding ₹2.85 from its previous close. The stock traded down throughout the session and settled just above its day low of ₹286.7, with 14,669 shares recorded in turnover.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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