Innovision Ltd has received a letter of award / work order engagement of user fee agency on the basis of competitive bidding at Villuppuram to Puducherry section in the state of Tamil Nadu
INNOVISION · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Innovision Ltd has received a Letter of Award from the National Highways Authority of India (NHAI) for toll/user fee collection at the Viluppuram to Puducherry section of NH-45-A (NH-332) spanning 29 km in Tamil Nadu. The contract, awarded through competitive bidding, is valued at Rs 24.89 crore (approximately Rs 248.93 million) and will run for 1 year starting June 27, 2026. The scope includes toll collection operations and maintenance of adjacent toilet blocks including consumable supplies. This is a domestic government infrastructure contract.
The Rs 24.89 crore contract provides revenue visibility for the company over the next year. The positive development with a government order from NHAI could be viewed favorably by investors, though the impact depends on the company's total revenue size.