Award10 Jul 2026, 06:50 pm
Innovision Ltd Secures ₹27.5 Cr Toll Collection Contract
AI Summary
Innovision Limited has received a Letter of Award (LoA) for engagement as a user fee agency for the Kariyamangalam fee plaza on the Tindivanam to Krishnagiri section in Tamil Nadu. The contract, secured through competitive e-bidding, also includes the upkeep and maintenance of adjacent toilet blocks. The order is valued at ₹27,52,09,635 and has a tenure of one year. The National Highways Authority of India (NHAI) awarded the contract, which is considered a domestic order and does not involve related party transactions.
Key Highlights
- Innovision Ltd awarded user fee agency contract for Kariyamangalam fee plaza.
- Contract value stands at ₹27.52 crore for a one-year period.
- Includes toll collection and maintenance of adjacent toilet facilities.
- Order secured through competitive e-bidding from NHAI.
- No promoter or related party interest in the awarded contract.
Price Impact
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