Synopsis: Innovision Limited has secured a Rs. 26.35 crore contract from the National Highways Authority of India (NHAI) to operate and maintain the Mundiyar Fee Plaza on NH-27 in Madhya Pradesh. The one-year agreement covers toll collection and facility management services, strengthening the company’s infrastructure services portfolio while providing stable revenue visibility and expanding its presence in government-backed highway operations projects.
Innovision Limited has secured a new contract worth Rs. 26.35 crore from the National Highways Authority of India (NHAI), strengthening its presence in the infrastructure services and toll management segment. The company disclosed through a regulatory filing on June 4, 2026, that it has received a Letter of Award (LoA) from NHAI following a competitive bidding process.
Shares of Innovision Limited, with a market capitalization of Rs. 681.77 crore, are trading at a price of Rs. 286.30, down 0.95% from its previous closing price of Rs. 289.05. The stock touched an intraday high of Rs. 291.45 and a low of Rs. 284.00. The company is currently listed on the NIFTY IPO index.
Under the contract, Innovision will act as the user fee collection agency at the Mundiyar Fee Plaza located on the Baran Shivpuri section of New NH-27 in Madhya Pradesh. In addition to toll collection, the company will be responsible for maintaining public utility facilities at the plaza and ensuring the availability of essential operational consumables.
The one-year contract, valued at Rs. 26.35 crore, is scheduled to commence on July 11, 2026. The project forms part of NHAI’s broader effort to improve highway operations and enhance user services through professional management of tolling infrastructure and associated facilities.
The Mundiyar project adds to Innovision’s rapidly expanding infrastructure order book. During the first half of 2026, the company secured multiple National Highways Authority of India (NHAI) contracts, including the Rs. 99.35 crore Vanagaram Fee Plaza project, the Rs. 31.09 crore Vembukudi Fee Plaza contract, and the Rs. 24.89 crore toll management assignment on the Viluppuram-Puducherry highway section. Just a week before the Mundiyar announcement, Innovision also won a Rs. 36.57 crore toll collection contract on a section of NH-12 over the Sindoor River in Madhya Pradesh.
These recurring contract wins are enhancing revenue visibility and generating stable operational cash flows, supporting the company’s long-term objective of delivering strong growth across its infrastructure and managed services verticals.
The order provides Innovision with stable revenue visibility over the next year and further expands its portfolio of government-backed infrastructure service contracts. The company noted that the contract has been awarded by a domestic government entity under NHAI’s tendering framework and does not involve any related-party transactions. Management also confirmed that neither the company’s promoters nor group entities have any interest in the awarding authority.
The latest win is expected to strengthen Innovision’s position in the toll operations and facility management space, complementing its existing business in technology-enabled managed services and infrastructure support solutions.
Headquartered in Gurugram, Haryana, Innovision Limited is an ISO-certified company engaged in facility management, toll operations, staffing solutions, and technology-driven managed services. The company serves both public and private sector clients and continues to benefit from increasing outsourcing of highway operations and infrastructure management activities across India.
With the Mundiyar Fee Plaza contract set to become operational from July 2026, Innovision is expected to further capitalize on opportunities arising from NHAI’s ongoing highway asset monetization and operational outsourcing initiatives.
Company Overview
Innovision Limited is a Gurugram-based service provider specializing in manpower outsourcing, facility management, toll plaza operations, and skill development training. Founded in 2007, the company has evolved from a security services provider into a diversified infrastructure support and managed services company with operations across 23 states and 5 union territories and a workforce of more than 15,000 personnel.
The company reported a strong financial performance in FY26, with operating revenue rising 10.12% year-on-year to Rs. 986.61 crore from Rs. 895.95 crore in FY25. Net profit increased 24.63% to Rs. 36.35 crore, while return ratios remained healthy, with ROE of 19.6% and ROCE of 20.3%.
Alongside toll management and infrastructure operations, Innovision is also expanding into drone-based technology services for infrastructure monitoring and asset management, further diversifying its business portfolio and strengthening its presence in technology-enabled managed services.
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