Innovision Ltd Wins Contract with NHAI for Toll Collection and Facility Maintenance of Madhya Pradesh Fee Plaza
Innovision Ltd has been awarded a significant contract by the National Highways Authority of India (NHAI) to function as a user fee agency for a major fee plaza on New NH-27 in Madhya Pradesh. The award, which was granted on June 3, 2026, involves toll collection and comprehensive facility maintenance services.The contract pertains to the Mundiyar Fee Plaza, located at Km 1217.725 from Baran Shivpuri Section, situated between Km 1184.322 and 1251.814 on New NH-27 in Madhya Pradesh. Innovision Ltd will be responsible for toll collection as well as the upkeep and maintenance of adjacent Toilet Blocks, including the recouping of consumable items.
The engagement falls under the category of a domestic toll collection and facility maintenance contract awarded by NHAI. This opportunity represents a substantial commercial consideration for Innovision Ltd.
Key operational and financial details of the contract are summarized below:
| Particulars | Details |
|---|---|
| Awarding Entity | NHAI (National Highways Authority of India) |
| Contract Nature | Toll collection and facility maintenance contract |
| Location/Scope | Mundiyar Fee Plaza at Km 1217.725 on New NH-27, Madhya Pradesh |
| Total Consideration | 26,35,29,635/- (Rupees Twenty Six Crores Thirty Five Lakhs Twenty Nine Thousand Six Hundred Thirty Five only) |
| Execution Period | 1 year from July 11, 2026 |
The contract details confirm that there is no interest of the promoter or promoter group companies in NHAI. Furthermore, the award is explicitly designated as a non-related party transaction.
INNOVISION Stock Price Movement
Shares of Innovision Limited today slipped by 0.95% to settle at ₹285.1. The equity shed value, reaching a five-year low during trading as 35,436 shares were traded.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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