Innovision Limited has informed the Exchange about Awarding of order(s)/contract(s)
INNOVISION · price
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Innovision Limited has received a Letter of Award (LoA) from the National Highways Authority of India (NHAI) for toll/user fee collection services on NH-45-A (NH-332) from Viluppuram to Puducherry section in Tamil Nadu. The contract covers a 29 km stretch and includes upkeep and maintenance of adjacent toilet blocks. The contract value is Rs 24.89 crore and will run for 1 year starting 27th June 2026. This is a domestic contract awarded through competitive bidding under tender ID NHAI/13013/547/CO/26-7/CB/Gangarampalayam_FP/E261452/B-1R/442.
This government contract provides revenue visibility for one year. The Rs 24.89 crore order from NHAI is a positive development, though the relatively small contract size may have limited immediate impact on the stock unless it represents a significant portion of the company's annual revenue.