Innovision Limited has informed the Exchange about Awarding of order(s)/contract(s)
INNOVISION · price
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Innovision Limited has received a Work Order from the National Highways Authority of India (NHAI) to act as the user fee collection agency for Vanagaram Fee Plaza on Chennai Bypass Phase-I. The contract involves toll collection operations and maintenance of adjacent toilet blocks for a period of one year (15 April 2026 to 15 April 2027). The total contract value is Rs. 99,35,29,635 (approximately Rs. 99.35 crore), awarded through competitive e-tendering. This is a domestic contract with no related party involvement.
A positive development as the company secures a Rs. 99.35 crore government contract from NHAI, providing revenue visibility for one year. However, the actual impact on stock price will depend on the company's total revenue base.