Innovision Wins NHAI Toll Collection Contract for Chennai Bypass Worth 99 Cr

Synopsis: Innovision secured NHAI’s toll collection deal for Chennai Bypass Vanagaram Fee Plaza, starting April 15 for one year. Shares gained on order win boosting infra credentials. Will more highway bids follow?

Innovision Limited has secured a major government contract. The National Highways Authority of India (NHAI) has awarded the company a toll collection and facility management deal. The contract covers the Vanagaram Fee Plaza on the Chennai Bypass Phase-I in Tamil Nadu.

Innovision’s Limited’s stock, with a market capitalisation of Rs. 753 crores, fell Rs. 318.20, down 2.17 percent from its previous closing price of Rs. 325.25. Furthermore, the stock over the past year has given a negative return of 15.4 percent.

The deal puts Innovision in charge of user fee collection at the Vanagaram Fee Plaza. The plaza sits at kilometre 16.500 of the Chennai Bypass Phase-I. The stretch runs from km 0.000 to km 19.170, connecting National Highways NH-4 and NH-45. The order is worth Rs 99 crore.

Beyond toll collection, the company also takes charge of maintaining nearby toilet blocks. It must replenish consumable items regularly. The contract was digitally signed on April 6, 2026.

The agreement follows a competitive bidding process through an e-tender. NHAI selected Innovision after evaluating multiple bidders. The contract is a domestic engagement between two Indian entities.

Operations will begin on April 15, 2026, at 8:00 AM. The contract runs for exactly one year. It ends on April 15, 2027, at 7:59 AM. The disclosure confirms that NHAI awarded the contract. The nature of the order is classified as a toll collection and facility maintenance contract.

This contract adds to Innovision’s growing presence in highway infrastructure. The company now manages a key toll point on one of Tamil Nadu’s busiest bypass corridors. Winning a government-tendered NHAI contract also strengthens its credentials for future bids. Overall, the deal reflects Innovision’s ability to compete and win in a market that demands efficiency and reliability.

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