Award7 Jul 2026, 07:10 pm
Innovision Ltd Secures ₹9.23 Cr User Fee Collection Contract
AI Summary
Innovision Limited has been awarded a contract by the National Highways Authority of India (NHAI) to act as the user fee collection agency for the Vaddupalli fee plaza on the Anantapur-Kalyandurg section in Andhra Pradesh. The contract, secured through competitive e-tendering, also includes the upkeep and maintenance of adjacent toilet blocks. This domestic contract is valued at ₹9,23,44,635 and has a tenure of one year, commencing from August 24, 2026. The award signifies a new business win for Innovision Ltd in the infrastructure and toll management sector.
Key Highlights
- Secured contract for user fee collection and facility maintenance.
- Contract awarded by NHAI for Vaddupalli fee plaza in Andhra Pradesh.
- Contract value is ₹9,23,44,635 for a period of one year.
- Awarded through competitive bidding via e-tender.
- No promoter interest in the awarding entity.
Price Impact
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