Innovision Ltd Secures Toll Collection and Maintenance Contract from NHAI in Tamil Nadu
Innovision Ltd has been awarded a contract by the National Highways Authority of India (NHAI) for user fee collection and facility upkeep at a major toll plaza in Tamil Nadu. The contract, formalized on April 21, 2026, involves managing the Vembukudi fee plaza.The scope of work includes the engagement of Innovision Ltd as the user fee collection agency. This contract covers the Vembukudi fee plaza, located at Km 152.000 of the Cholapuram-Thanjavur Section, spanning from Km 116.440 to Km 164.275 of NH-45C in Tamil Nadu. Beyond collection, the service scope also mandates the upkeep and maintenance of adjacent Toilet Blocks, including the continuous recouping of consumable items.
The contract details, which identify NHAI (National Highways Authority of India) as the awarding entity, specify the operational commitment and financial scope. The total commercial consideration for the agreement is 31,09,79,635/- (Rupees Thirty One Crores Nine Lakhs Seventy Nine Thousand Six hundred and thirty five only).
Key details of the awarded contract include:
| Detail | Description / Value |
|---|---|
| Awarding Entity | NHAI (National Highways Authority of India) |
| Nature of Contract | Toll collection and facility maintenance contract |
| Location | Vembukudi fee plaza, NH-45C, Tamil Nadu |
| Contract Signing Date | April 21, 2026 |
| Total Commercial Consideration | 31,09,79,635/- |
| Contract Duration | 1 year, commencing from June 6, 2026, 08:00 AM |
| Contract Type | Domestic |
INNOVISION Stock Price Movement
Shares of Innovision Limited today slipped by 2.28% to settle at ₹344.25. The stock saw 260,381 shares traded 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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