Synopsis: Innovision Limited has secured two Letters of Award (LoAs) from the National Highways Authority of India (NHAI) worth a combined Rs. 12.32 crore. The one-year contracts involve toll collection and maintenance of two fee plazas in Haryana and Rajasthan, strengthening the company’s order book in the toll management segment.
Shares of Innovision Limited are likely to remain in focus after the company announced that it has secured two Letters of Award (LoAs) from the National Highways Authority of India (NHAI) for toll collection and facility maintenance services at two highway fee plazas.
Innovision Limited has a total market capitalization of approximately Rs. 680.58 crore. The company’s shares were trading at Rs. 283.15 apiece on the stock exchange, down by 1.17 percent during the session. The stock has declined 4.37 percent over the last five trading sessions, while it has declined 7.38 percent over the last month. The stock touched a 52-week high of Rs. 470 and a 52-week low of Rs. 281.
According to the company’s exchange filing, Innovision has received its first Letter of Award from NHAI for operating the Ghamroj Fee Plaza located on the Gurgaon–Sohna section of NH-248 across Haryana and Rajasthan. The contract includes toll collection as well as maintenance of adjacent toilet blocks, including replenishment of consumable items. The contract is valued at Rs. 8.12 crore and will be executed for a period of one year from August 12, 2026.
The company has also secured a second LoA for the Sirohi Bahali Fee Plaza located on NH-148B and NH-11 covering sections between Paniyala Mor, Narnaul Bypass and Pacheri Kalan in Haryana and Rajasthan. Similar to the first contract, the scope includes toll collection and maintenance of associated public facilities. This contract is valued at Rs. 4.20 crore and will be executed for one year from August 19, 2026.
Together, the two contracts carry a combined value of approximately Rs. 12.32 crore. The company clarified that both contracts have been awarded by a domestic government entity through a competitive bidding process and do not involve any promoter interest or related-party transactions.
The latest contract wins further strengthen Innovision’s position in the highway operations and toll management segment. Efficient toll collection has become increasingly important as India continues to expand its national highway network under flagship infrastructure programs such as Bharatmala Pariyojana, while digital tolling through FASTag has significantly improved operational efficiency and traffic movement across toll plazas.
India’s road infrastructure sector continues to witness strong capital expenditure, with the government investing heavily in highway construction, expressways, logistics corridors and public infrastructure. As the highway network expands, demand for professional toll management, facility maintenance and manpower services is expected to increase, creating long-term opportunities for specialized service providers.
For investors, the two NHAI contracts enhance Innovision’s revenue visibility while demonstrating its ability to secure repeat government assignments through competitive bidding. Continued order inflows from highway authorities could further strengthen the company’s presence in the infrastructure services segment.
Incorporated in 2007, Innovision Limited provides manpower services, toll plaza management, facility management and skill development training across India. The company serves government agencies as well as private sector clients through its diversified service offerings.
The latest Rs. 12.32 crore worth of NHAI contracts is expected to strengthen Innovision’s order book and reinforce its position as a key player in India’s toll management and highway infrastructure services sector.
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