Innovision Limited Bags ₹27.52 Cr NHAI Toll Plaza Contract in Tamil Nadu

Synopsis: Innovision Limited has secured a Rs. 27.52 crore work order from the National Highways Authority of India for toll collection and facility maintenance at the Kariyamangalam Fee Plaza in Tamil Nadu. The one-year contract expands the company’s toll plaza management portfolio and provides additional revenue visibility.

Shares of Innovision Limited are likely to remain in focus after the company received a Letter of Award and work order from the National Highways Authority of India (NHAI) for operating as the user fee collection agency at the Kariyamangalam Fee Plaza in Tamil Nadu.

Innovision Limited has a total market capitalization of approximately Rs. 703.68 crore. The company’s shares were trading at Rs. 295.50 apiece on the stock exchange, up by 2.19 percent. The stock has gained 0.77 percent over the last five trading sessions, while it has gained 2.34 percent over the last month. The stock touched a 52-week high of Rs. 470 and a 52-week low of Rs. 280.

According to the company’s exchange filing, Innovision Limited has been appointed as the user fee collection agency through a competitive e-tendering process for the Kariyamangalam Fee Plaza on the Tindivanam-Krishnagiri section in Tamil Nadu. The order was awarded on July 7, 2026.

The contract is valued at approximately Rs. 27.52 crore and has an execution period of one year. The scope of work includes toll collection at the fee plaza, along with the upkeep and maintenance of adjacent toilet blocks and replenishment of consumable items.

The latest order strengthens Innovision’s presence in the toll plaza management and highway services segment. The one-year contract provides near-term revenue visibility, while the competitive bidding route demonstrates the company’s ability to secure government-backed infrastructure service contracts.

Toll collection and facility management contracts are operationally intensive and require effective manpower deployment, cash and transaction management and continuous maintenance of supporting facilities. Innovision’s existing experience in manpower services and toll plaza management can support the execution of such contracts by leveraging its operational workforce and service capabilities.

India’s expanding national highway network continues to create opportunities for companies involved in toll operations and highway facility management. As new highway stretches become operational and existing roads require continued management, NHAI’s outsourcing of user fee collection and associated facility maintenance creates a recurring pipeline of opportunities for specialised service providers.

For investors, the Rs. 27.52 crore order adds to Innovision’s execution pipeline and provides revenue visibility over the next 12 months. The contract also strengthens the company’s track record with NHAI and could improve its credentials when bidding for similar toll collection and highway facility management contracts in the future. However, the financial contribution will depend on efficient execution and effective management of operating costs during the contract period.

Incorporated in 2007, Innovision Limited provides manpower services, toll plaza management and skill development training to clients across India. The company serves government and private-sector organisations through workforce deployment and infrastructure-related service solutions.

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