Deals23 Jul 2026, 04:50 pm
Innovision Ltd Secures ₹97.5 Cr Toll Plaza Contract in Rajasthan
AI Summary
Innovision Limited has been awarded a Letter of Award (LoA) by the National Highways Authority of India (NHAI) to operate as the user fee collection agency at the Biratiya Kalan Fee Plaza in Rajasthan. The contract, secured through a competitive e-tender process, is for a term of one year with a commercial consideration of ₹97,52,79,635. This mandate expands the company's toll management operations in Rajasthan and reinforces its focus on this business vertical. The scope includes toll collection and upkeep of adjacent toilet blocks. Innovision emphasizes its asset-light model and disciplined participation in competitive bidding.
Key Highlights
- Secured a one-year toll collection contract at Biratiya Kalan Fee Plaza, Rajasthan.
- Contract value is ₹97.53 crore, including toll collection and maintenance.
- Expands company's toll management footprint in Rajasthan.
- Reinforces asset-light business model with focus on working capital.
- Awarded by NHAI following a competitive e-tender process.
Price Impact
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