Innovision Limited has informed regarding Disclosure of material issue

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INNOVISION · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.2%1-day move

₹323.00

prior close

₹322.10

base price

After-mkt

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AI summary

Innovision Limited has received a Work Order from the National Highways Authority of India (NHAI) to serve as the user fee collection agency for the Bahraich Bypass-Rupadiha Section of NH-28C (Gulalpurva) in Uttar Pradesh. The contract also includes maintenance of adjacent toilet blocks including recouping consumable items. The contract value is Rs. 19,78,29,635 (approximately Rs. 19.78 crore) for a period of 1 year. The tender was awarded through competitive bidding via e-tender process. The company confirmed this is not a related party transaction and there is no promoter interest in the awarding entity.

Likely market impact

This Rs. 19.78 crore contract from NHAI represents a significant new business win for Innovision Limited, providing revenue visibility for one year. The engagement with a government authority demonstrates the company's capability in infrastructure services and could be positive for the stock.