StockWatch
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Deals11 Aug 2026, 05:40 pm

Innovision Ltd Wins Aashpur Toll Plaza Mandate from NHAI

AI Summary

Innovision Ltd has secured a new mandate from the National Highways Authority of India (NHAI) to operate as the User Fee Collection Agency at the Aashpur Fee Plaza on NH-91 in Uttar Pradesh. This one-year contract, awarded through a competitive e-tender process, includes the upkeep of adjacent toilet blocks. The broad commercial consideration for the engagement is ₹83.29 crore. This award reinforces Innovision's toll management business, particularly in Uttar Pradesh, and aligns with its asset-light operational model. The company emphasizes that the disclosed commercial consideration represents the gross value, with the company retaining an agreed spread after remitting collections to NHAI.

Key Highlights

  • Secured Aashpur Fee Plaza mandate from NHAI in Uttar Pradesh.
  • Contract duration is one year with a commercial consideration of ₹83.29 crore.
  • Scope includes toll collection and maintenance of toilet blocks.
  • Reinforces Innovision's toll management vertical and asset-light model.