Innovision Wins NHAI ₹48.25 Crore Toll Collection Contract

Core Announcement – Order Details

Awarding Entity: National Highways Authority of India (NHAI)

Domestic/International Order: Domestic

Nature of Order/Contract:

Engagement as user fee agency for toll collection at Mangapatnam Fee Plaza located at Tadipatri to Jammalamadugu via Muddanur of NH-67 in the state of Andhra Pradesh. The contract includes upkeep/maintenance of adjacent toilet blocks including recouping the consumable items. The order was awarded on the basis of competitive bidding.

Order Value:

₹48,25,29,635 (Rupees Forty Eight Crore Twenty Five Lakh Twenty Nine Thousand Six hundred and Thirty Five Only)

Materiality Context: Not Specified

Execution Timeline:

1 year

Revenue Recognition / Billing Structure: Not Specified

Key Terms & Payment Milestones: Not Specified

Whether Related Party Transaction:

No

Promoter Group Involvement:

No (Explicitly stated as "NA" for promoter/promoter group/group companies having any interest in NHAI)

Financial Implication: Not Specified