Contract Details

  • Awarding Authority: National Highways Authority of India (NHAI)
  • Project: User Fee Collection Agency at Biratiya Kalan Fee Plaza
  • Location: Bar-Bilara-Jodhpur section of NH-112 in Rajasthan
  • Program: NHDP Phase-IV
  • Award Date: July 21, 2026
  • Contract Term: One year
  • Commercial Consideration: ₹97,52,79,635 (Rupees Ninety-Seven Crore Fifty-Two Lakh Seventy-Nine Thousand Six Hundred and Thirty-Five only)
  • Scope of Work: Toll collection operations plus upkeep and maintenance of adjacent toilet blocks including recouping of consumable items
  • Tender Process: Competitive e-tender process conducted on EPC mode basis

Strategic Significance

This contract extends Innovision's toll management operations into Rajasthan and builds on the company's standing within NHAI's user fee collection framework. The management commentary clarifies that the disclosed commercial consideration represents the gross value of the engagement under the toll collection framework where collections are remitted to NHAI and the company retains an agreed spread.

Management Commentary

Lt. Col. Randeep Hundal, Chairman & Managing Director, provided the following insights:

  • The award reinforces the company's continued focus on the toll management business
  • The business model remains asset-light with working capital as the primary requirement
  • Growth is achieved through steady accumulation of individual plaza engagements rather than dependence on any single award
  • The gross commercial value should not be interpreted as direct addition to net revenue
  • NHAI's continuing pipeline of toll asset tenders and sector-wide shift toward digital fee collection may provide future opportunities
  • The company intends to remain disciplined in participation while maintaining execution standards

Corporate Background

Innovision Limited is an integrated services company offering solutions across manpower outsourcing and toll management. The company completed its Initial Public Offering during FY 2025-26 aggregating approximately ₹3,192.5 million and is listed on BSE (Scrip Code: 544732) and NSE (Symbol: INNOVISION).