Innovision Ltd Secures One-Year Contract for Toll Collection and Facility Management on NH-28C
Innovision Ltd has been awarded a significant work order by the National Highways Authority of India (NHAI) for the collection of user fees and comprehensive maintenance of facilities along a major stretch of National Highway-28C in Uttar Pradesh. The contract marks Innovision Ltd's role as the appointed user fee collection agency for the specified area.The work order was granted by the NHAI under tender ID NHAI/13013/547/CO/26-27/CB/Aaini FP/ E- 7818/R- 1393 dated May 8, 2026.
The scope of work involves the management of the Aaini Fee Plaza located between Jarwal and the Bahraich Bypass Section of NH-28C in Uttar Pradesh. This contract also includes the upkeep and maintenance of adjacent toilet blocks, along with the provision and recouping of consumable items.
According to the details of the contract award, the agreement falls under the nature of toll collection and facility maintenance. The contract is with a domestic entity and is set for a tenure of one year.
The key financial and contractual details are summarized below:
| Detail | Specification |
|---|---|
| Awarding Authority | National Highways Authority of India (NHAI) |
| Contract Scope | User fee collection and facility maintenance at Aaini Fee Plaza (Jarwal to Bahraich Bypass Section of NH-28C) |
| Contract Nature | Toll collection and facility maintenance contract |
| Term | 1 year |
| Total Consideration (One Year) | Rs. 12,66,54,635/- (Rupees Twelve Crore Sixty Six Lakh Fifty Four Thousand Six Hundred and Thirty Five only) |
Innovision Ltd confirmed that the awarding entity (NHAI) is domestic, and the contract does not fall within related party transactions. The contract also confirmed that the promoter group does not have any interest in the awarding entity.
INNOVISION Stock Price Movement
On Friday, Innovision Limited shares slipped by 1.19% to close at ₹323.5, finishing down ₹3.90 from its previous close. The equity traded on a volume of 32,707 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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