Innovision Limited has informed the stock exchanges under SEBI LODR Regulation 30 that it has received a Letter of Award (LoA)/work order from the National Highways Authority of India (NHAI).
The award is for the engagement of Innovision Limited as a user fee agency based on competitive bidding for a specific section of the national highway. The contract covers Km 18.500 of the Viluppuram to Puducherry section, specifically from Km 0.000 to Km 29.000 of NH-45-A (also designated as NH-332) in the state of Tamil Nadu and Union Territory. The scope of work includes the upkeep and maintenance of adjacent toilet blocks, including recouping the consumable items.
The award was granted under tender ID NHAI/13013/547/CO/26-7/CB/Gangarampalayam_FP/E261452/B-1R/442. The order was granted on 22nd May 2026 and received by the company on 25th May 2026.
Key Contract Details from Annexure A:
- Awarding Entity: National Highways Authority of India (NHAI)
- Nature of Contract: Toll collection and facility maintenance contract.
- Domestic/International: Domestic
- Contract Execution Period: One year, commencing from 27th June 2026.
- Contract Value: ₹24,89,29,635 (Rupees Twenty Four Crores Eighty Nine Lacs Twenty Nine Thousand Six Hundred and Thirty Five only).
- Promoter/Group Interest: The company confirms that its promoters, promoter group, or group companies have no interest in NHAI, the entity that awarded the contract.
- Related Party Transaction: The company confirms this contract does not qualify as a related party transaction and is conducted at arm's length.
The disclosure was signed and submitted digitally by Jyoti Sachdeva, Company Secretary & Compliance Officer (Membership No. A22176) of Innovision Limited on 25th May 2026 at 17:56:48 IST.