Innovision Secures Major Toll Collection and Maintenance Contract from NHAI Worth ₹7.73 Crore
Innovision Ltd has successfully secured a significant contract with the National Highways Authority of India (NHAI) for toll collection and facility maintenance along a key stretch of NH-40 in Andhra Pradesh. The award, which was granted by the domestic entity NHAI, involves Innovision operating as the user fee agency for the Pileru to Puthalapattu Section (two lanes with paved shoulders).The contract encompasses not only toll collection but also the upkeep and maintenance of adjacent Toilet Blocks, including the recouping of consumable items.
Innovision Ltd received the Letter of Award on 23/06/2026, following the order being granted by NHAI on 22/06/2026, under tender ID NHAI/13013/547/CO/26-27/CB/Thenpalli FP/E-126390/B1/R558.
The contract holds a broad commercial consideration of 7,73,79,635/- (Rupees Seven Crore Seventy Three Lakh Seventy Nine Thousand Six Hundred and Thirty Five Only). The engagement is scheduled for a period of one year, commencing from 15.08.2026 after 8:00 AM onwards.
The contract falls under the nature of toll collection and facility maintenance and has been confirmed as a domestic engagement. Innovision Ltd confirmed that neither the promoter nor any part of its group holds an interest in NHAI, and the contract is not classified as a related party transaction.
Key details of the contract are summarized below:
| Detail | Information |
|---|---|
| Awarding Entity | NHAI (National Highways Authority of India) |
| Contract Scope | User fee collection for Pileru to Puthalapattu Section (NH-40, Old NH-18) and facility maintenance. |
| Location | Andhra Pradesh |
| Commercial Consideration | 7,73,79,635/- |
| Contract Term | 1 year from 15.08.2026 onwards |
| Nature of Contract | Toll collection and facility maintenance (Domestic) |
INNOVISION Stock Price Movement
Innovision Limited shares today slipped by 2.63% to settle at ₹288.35, shedding ₹7.80 in the post-market session. The stock recorded a total traded volume of 25,126 shares during the day.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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