Shares of Innovision Limited are expected to remain in focus after the company secured a ₹25.69 crore contract from the National Highways Authority of India (NHAI) for toll collection and maintenance services in Uttar Pradesh.
The company informed exchanges that it has received a Letter of Award (LoA) for operating the Belon Fee Plaza located at Km 136.965 on the two/four-lane Aligarh-Moradabad stretch between Km 85.65 and Km 158.895 on NH-93 (NH-509).
Contract Details
The order was awarded through NHAI’s competitive bidding process.
The scope of work includes:
- User fee collection at the Belon Fee Plaza.
- Upkeep and maintenance of adjacent toilet blocks.
- Replenishment of consumable items.
- Ensuring smooth operation of the toll plaza and related facilities.
According to the company:
- The order was awarded on June 4, 2026.
- Innovision received the LoA on June 5, 2026.
- The contract is valid for one year.
- The total contract value stands at ₹25.69 crore.
The company said the contract has been awarded by a domestic entity and does not involve any related-party transactions. It also stated that the promoter group has no interest in the awarding authority.
Stock Performance
According to NSE data, Innovision Limited has a market capitalization of ₹713.68 crore.
The shares were trading at ₹299.70, up 1.40% during the session.
The stock has:
- Fallen about 1.09% over the last five trading sessions.
- Declined nearly 7.36% over the past month.
- Touched a 52-week high of ₹470.
- Hit a 52-week low of ₹284.
About the Company
Founded in 2007, Innovision provides:
- Manpower outsourcing services.
- Toll plaza management.
- Facility management solutions.
- Security services.
- Skill development training programmes.
Its clients include government bodies, infrastructure companies and private sector enterprises.
The latest order adds to the company’s order book and is expected to contribute to revenue over the next 12 months.
TL;DR
Innovision Limited has secured a one-year ₹25.69 crore contract from NHAI for toll collection and maintenance work at the Belon Fee Plaza in Uttar Pradesh. The order was awarded on June 4 and received by the company on June 5.
AI Summary
- Innovision received a ₹25.69 crore contract from NHAI.
- The work relates to the Belon Fee Plaza on NH-93 (NH-509) in Uttar Pradesh.
- The contract duration is one year.
- The scope includes toll collection and maintenance of public facilities.
- Innovision shares traded 1.40% higher during the session.
