Deals9 Sept 2026, 03:48 pm
Innovision Ltd Secures Two NHAI Toll Plaza Mandates in MP
AI Summary
Innovision Limited has been awarded two toll plaza mandates by the National Highways Authority of India (NHAI) in Madhya Pradesh. These include user fee collection agency roles at IDTL A & B toll plazas on the Indore-Dewas section of NH-3 and the Pachwara toll plaza on the Jhansi-Khajuraho section of NH-39. Both mandates are for a term of one year and include upkeep of adjacent toilet blocks. The commercial consideration for the IDTL A & B plazas is ₹219,07,29,635, and for the Pachwara plaza is ₹24,52,79,635. The company emphasizes its asset-light model and disciplined participation in competitive bidding processes.
Key Highlights
- Secured two new NHAI toll plaza mandates in Madhya Pradesh.
- Total commercial consideration exceeds ₹243 crore for one-year terms.
- Reinforces focus on toll management business and competitive bidding.
- Operates on an asset-light model with working capital as primary requirement.
Price Impact
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