Innovision wins ₹44.60 Cr NHAI order for toll collection
Innovision Limited secured a ₹44.60 crore order from NHAI for toll collection and facility maintenance at the Turup fee plaza in Ranchi, Jharkhand. The one-year contract, awarded on July 17, 2026, includes maintenance of adjacent toilet blocks. The order was granted through competitive bidding via E-Tender under NHDP Phase-III.
*this image is generated using AI for illustrative purposes only.
Innovision Limited has secured a significant order worth ₹44.60 crore from the National Highways Authority of India (NHAI) for toll collection and facility maintenance. The contract, awarded on July 17, 2026, covers the Turup fee plaza at Ranchi Bypass in the state of Jharkhand under NHDP Phase-III on EPC (Package-1). This engagement involves the upkeep and maintenance of adjacent toilet blocks, including the recouping of consumable items, based on competitive bidding through E-Tender.
The project was awarded under tender ID NHAI/13013/547/CO/26-27/CB/Turup FP/E242155/R/633. The order is domestic in nature and does not involve any interest from the promoter, promoter group, or group companies in the entity awarding the contract. Furthermore, the transaction does not fall within related party transactions.
The duration of the contract is set for one year from the date of the award. The commercial consideration for the order is fixed at ₹44,60,29,635. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
| Sr No. | Particulars | Remarks |
|---|---|---|
| 1 | Name of the entity awarding the order | NHAI (National Highways Authority of India) |
| 2 | Nature of order | Toll collection and facility maintenance contract |
| 3 | Time period for execution | 1 year |
| 4 | Commercial consideration | ₹44,60,29,635 |
| 5 | Promoter/Group interest | No |
Historical Stock Returns for Innovision
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.43% | -0.16% | -0.89% | -22.81% | -22.81% | -22.81% |
What is the likelihood of Innovision securing a contract renewal after the one-year duration expires?
How will this ₹44.60 crore order impact Innovision's revenue projections for the current fiscal year?
Does Innovision plan to bid for similar NHAI maintenance contracts in other regions to expand its portfolio?
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