Award3 Sept 2026, 05:51 pm
Innovision Ltd Secures ₹48.25 Cr Toll Collection Contract
AI Summary
Innovision Limited has received a Letter of Award (LoA) from NHAI for engagement as a user fee agency at the Mangapatnam Fee Plaza in Andhra Pradesh. The contract, secured through competitive bidding, involves toll collection and the upkeep/maintenance of adjacent toilet blocks. The order is valid for one year and is valued at ₹48,25,29,635. This award falls under a domestic contract and is not considered a related party transaction.
Key Highlights
- Innovision Ltd awarded NHAI contract for Mangapatnam Toll Plaza.
- Contract value stands at ₹48.25 Crore for one year.
- Scope includes toll collection and facility maintenance.
- Award secured via competitive bidding process.
- NHAI is a domestic entity; contract is not a related party transaction.
Price Impact
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