Engagement of Innovision Limited as User fee Collection agency for Aaini Fee Plaza at Jarwal to Bahraich Bypass Section of NH-28C in the state of Uttar Pradesh
INNOVISION · price
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Innovision Limited has received a work order from the National Highways Authority of India (NHAI) to operate as user fee collection agency for the Aaini Fee Plaza on NH-28C in Uttar Pradesh. The contract, awarded through competitive e-tendering, is worth Rs. 12.67 crore for a period of one year. The scope includes toll collection and maintenance of adjacent toilet blocks including consumable supplies. This is a domestic contract and no related party involvement has been reported.
The contract provides revenue visibility for one year and establishes a relationship with a major government infrastructure authority. However, the impact on stock price remains limited as the contract value is modest and of short duration.