Innovision wins ₹24.89 crore NHAI toll collection contract for Tamil Nadu highway
Innovision Limited has received a Letter of Award from NHAI for a toll collection and facility maintenance contract valued at ₹24,89,29,635, covering the Viluppuram to Puducherry section of NH-45A (NH-332) in Tamil Nadu and Puducherry. The contract, awarded through competitive bidding under Tender ID NHAI/13013/547/CO/26-7/CB/Gangarampalayam_FP/E261452/B-1R/442, is valid for one year from June 27, 2026, and is not a related party transaction.
*this image is generated using AI for illustrative purposes only.
Innovision Limited has secured a Letter of Award from the National Highways Authority of India (NHAI) for a toll collection and facility maintenance contract worth ₹24.89 crore. The agreement, awarded through competitive bidding, designates the company as the user fee collection agency for a specific section of the National Highway network.
The project scope encompasses the engagement of Innovision Limited as the user fee agency at Km 18.500 of the Viluppuram to Puducherry Section, spanning from Km 0.000 to Km 29.000 of NH-45-A (NH-332). This location falls within the state of Tamil Nadu and the Union Territory of Puducherry. Additionally, the contract includes the upkeep and maintenance of adjacent toilet blocks, which involves the recouping of consumable items.
Contract Details
The following table outlines the key parameters of the awarded contract:
| Particulars: | Details |
|---|---|
| Name of Entity | NHAI (National Highways Authority of India) |
| Nature of Contract | Toll collection and facility maintenance |
| Contract Value | ₹24,89,29,635 |
| Execution Period | 1 year from June 27, 2026 |
| Tender ID | NHAI/13013/547/CO/26-7/CB/Gangarampalayam_FP/E261452/B-1R/442 |
| Order Granted On | May 22, 2026 |
| Order Received On | May 25, 2026 |
The company confirmed that the order has been awarded by a domestic entity. Furthermore, Innovision stated that neither the promoter group nor group companies hold any interest in the entity awarding the contract. The transaction does not fall within related party transactions, ensuring it was conducted at arm's length. The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Innovision
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.64% | +1.28% | -9.40% | -22.84% | -22.84% | -22.84% |
What is the likelihood of Innovision securing a contract renewal or extension beyond the one-year execution period?
How will this contract impact Innovision's revenue growth and profit margins for the upcoming fiscal year?
Does Innovision plan to bid for similar NHAI projects to expand its presence in the toll collection sector?
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