Award11 Nov 2026, 04:50 pm
Innovision Ltd Wins NHAI Order for ₹12.17 Cr Fee Plaza Contract
AI Summary
Innovision Limited has received a Letter of Award (LoA) from the National Highways Authority of India (NHAI) for engagement as a user fee agency. The contract, secured through competitive e-bidding, pertains to the Shamli to Muzzafarnagar section of National Highway 709AD in Uttar Pradesh. It includes the upkeep and maintenance of adjacent toilet blocks. The contract is valued at ₹12,16,79,910 (Rupees Twelve Crore Sixteen Lakh Seventy Nine Thousand Nine Hundred Ten Only) and is to be executed within 90 days. This award signifies a new business win for Innovision in the infrastructure and toll management sector.
Key Highlights
- Secured NHAI contract for user fee agency services.
- Contract value is ₹12.17 Crore for highway toll and maintenance.
- Execution period for the contract is 90 days.
- Awarded through competitive e-tender process.
- Enhances company's presence in infrastructure services.
Price Impact
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