Innovision shares surged 18% to ₹296 following the company's receipt of a Letter of Award (LoA) worth ₹243.60 crore for toll plaza operations in Madhya Pradesh. According to LiveMint, the stock price jumped significantly on September 9 as investors reacted to the substantial contract award. The market response reflects strong investor confidence in the company's expanding toll management portfolio across multiple states, with the stock gaining 8.48% in the past week and 10.42% over the last two weeks.
Innovision has secured two significant NHAI contracts worth a combined ₹243.60 crore for toll plaza operations in Madhya Pradesh. The company received a ₹24.52 crore contract for user fee collection at Pachwara fee plaza on NH-39 in Madhya Pradesh, covering user fee collection for the four-laning of the Jhansi-Khajuraho section of NH-39. This contract includes upkeep and maintenance of adjacent toilet blocks and replenishment of consumable items, with execution scheduled for one year. Additionally, Innovision secured a ₹219.07 crore contract covering IDTL A and IDTL B fee plazas on NH-3 for the six-laning of the Indore-Dewas section of NH-3 in Madhya Pradesh. Both contracts were awarded on September 7, 2026, through separate competitive electronic tender processes and are valid for one-year execution.
These latest awards follow Innovision's recent contract wins, including a ₹48.25 crore NHAI contract for user fee collection at Mangapatnam Fee Plaza on NH-67 in Andhra Pradesh secured earlier this month. As reported by LiveMint, the company also received a ₹30.36 crore LoA from NHAI last month for user fee collection at Manambadi fee plaza on NH-36 in Tamil Nadu. These contracts demonstrate the company's expanding presence in India's highway toll collection sector, with the latest Madhya Pradesh contracts significantly expanding its operational footprint in the state.
Innovision reported mixed financial results for Q1 FY27, with the company posting a consolidated net loss of ₹7.04 crore in the quarter ended June 2026, compared to a net profit of ₹12.47 crore during the same period in the previous year. However, the company showed revenue growth with sales rising 18.29% to ₹263.82 crore in Q1 FY27 compared to Q1 FY26. As per Business Standard, the company has clarified that these contracts do not involve any interest from promoters, promoter groups, or group companies of the awarding entity, and do not qualify as related-party transactions.
