Engagement of Innovision ltd as user fee collection agency for sindoor river bareli byepass in the state of madhya pradesh
INNOVISION · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Innovision Limited has received a Letter of Award from the National Highways Authority of India (NHAI) to act as a user fee collection agency on NH-12. The contract covers toll collection from km 130.00 to km 193.00 including the Sindoor River to Bareli Bypass stretch in Madhya Pradesh, along with maintenance of adjacent toilet blocks. The order value is ₹36.57 crore (approximately ₹365.7 million) and the contract period is 1 year starting 6th July 2026. This is a domestic contract awarded through competitive bidding under NHAI tender. The company confirmed no related party transactions or promoter interest in NHAI.
This government contract worth ₹36.57 crore represents a meaningful revenue opportunity for Innovision Ltd, potentially contributing to the company's annual earnings from toll collection and facility management services. The NHAI association adds credibility, though the single-year contract duration limits long-term visibility.