Innovision Ltd Awarded User Fee Collection Agency Work Order for Vanagaram Fee Plaza
Innovision Ltd has secured a work order for engagement as a user fee collection agency for the Vanagaram fee plaza. The contract was awarded through a competitive bidding process via e-tender for the facility located at Chennai Bypass Phase-I, spanning from km 0.000 to km 19.170, within the state of Tamil Nadu. The scope of work encompasses toll collection, upkeep and maintenance of adjacent toilet blocks, and the replenishment of consumable items.The award was granted under tender ID NHAI/13013/547/CO/24-25/CB/Vanagram Fee Plaza/E61263/298, and the documentation was received on April 7, 2026, following the award date of April 6, 2026.
Contract Details
The National Highways Authority of India (NHAI) is the entity awarding the contract. Innovision Ltd’s role involves operating as the user fee collection agency for the Vanagaram Fee Plaza, covering the Chennai Bypass Phase-I stretch from km 0.000 to km 19.170. The service scope additionally covers the upkeep and maintenance of adjacent toilet blocks and the recouping of consumable items.Key terms and conditions of the contract are outlined below:
| Particulars | Detail |
|---|---|
| Awarding Entity | National Highways Authority of India (NHAI) |
| Scope of Contract | User fee collection agency for Vanagaram Fee Plaza (Chennai Bypass Phase-I, km 0.000 to km 19.170). Includes toll collection, upkeep/maintenance of toilet blocks, and consumables replenishment. |
| Nature of Contract | Toll collection and facility maintenance contract |
| Awarding Entity Type | Domestic Entity |
| Consideration/Size | Rs. 99,35,29,635/- (Rupees Ninety Nine Crore Thirty Five Lakh Twenty Nine Thousand Six Hundred Thirty Five Only) on FY 2025-26 rates |
| Contract Period | From April 15, 2026 (08:00 hrs) to April 15, 2027 (07:59 hrs) |
The contract was digitally signed on April 6, 2026. The transaction is classified as a domestic entity award, and the promoter or promoter group has no stated interest in the awarding entity. Furthermore, the contract does not fall within the parameters of related party transactions.
INNOVISION Stock Price Movement
Shares of Innovision Limited today slipped by 2.69% to settle at ₹316.5. The equity traded on a volume of 232,601 shares in the post-market session.Source:
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