Innovision wins ₹36.57 crore NHAI toll contract

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 ₹36.57 crore. The project involves user fee collection and upkeep of toilet blocks on NH-12 in Madhya Pradesh, specifically from the Sindoor River to the start of the Bareli Bypass. This one-year contract is set to commence on July 6, 2026, following the order granted on May 25, 2026.

The award was issued under tender ID NHA1/13013/547/CO/26-7/CB/Khiriya FP/E122884/B-1R/448. The engagement designates Innovision Limited as the user fee collection agency at Km 165.150 of NH-12, covering the stretch from km 130.00 to km 193.00. The contract scope includes the maintenance of adjacent facilities and the recouping of consumable items.

Contract Details

The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the order is domestic in nature and does not involve any related party transactions.

Particulars	Details
Name of Entity	National Highways Authority of India (NHAI)
Nature of Contract	Toll collection and facility maintenance
Contract Value	₹36,57,29,635
Execution Period	1 year from July 6, 2026
Location	NH-12, Madhya Pradesh

The company stated that neither the promoter group nor other group companies hold any interest in the entity awarding the contract. Jyoti Sachdeva, Company Secretary & Compliance Officer, signed the disclosure on behalf of Innovision Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.67%	-4.26%	-8.58%	-21.02%	-21.02%	-21.02%

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.