StockWatch
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Award20 Jul 2026, 11:00 pm

Innovision Ltd Secures ₹44.6 Cr Toll Collection Contract

AI Summary

Innovision Limited has been awarded a one-year contract by the National Highways Authority of India (NHAI) for toll collection and facility upkeep at the Turup Fee Plaza on the Ranchi Bypass, Jharkhand. The contract, secured through a competitive e-tender process, is valued at ₹44,60,29,635. This award expands Innovision's toll management portfolio and operational presence in Jharkhand. The company emphasizes its asset-light, working-capital-intensive toll management model, which allows for disciplined scaling as its plaza portfolio grows. This contract is part of a broader trend benefiting from NHAI's infrastructure expansion and digital collection initiatives.

Key Highlights

  • Secured ₹44.6 Cr toll collection contract from NHAI for Turup Fee Plaza.
  • Contract duration is one year, awarded via competitive e-tender.
  • Expands operational presence into Jharkhand.
  • Reinforces asset-light, scalable toll management model.
  • Aligns with NHAI's infrastructure expansion and digital collection trends.