Innovision has secured an ₹9.23 crore Letter of Award (LoA) from the National Highways Authority of India (NHAI) for toll collection at the Vaddupalli fee plaza in Andhra Pradesh. According to reports from Business Standard, the contract was awarded through a competitive e-tender process and covers user fee collection at the Vaddupalli fee plaza on the Anantapur-Kalyandurg section. The contract includes upkeep and maintenance of adjacent toilet blocks, including recouping consumable items. The award was granted under tender ID NHAI/13013/547/CO/26-27/CB/Vaddupalli/FP/E77017/B1/R/582 following a competitive bidding process through e-tender, with the order received on July 7, 2026.
The contract is scheduled to be executed over a period of one year from August 24, 2026, as reported by Business Standard. The company has clarified that the contract is not a related-party transaction and that neither its promoters nor promoter group entities have any interest in the award. This ensures transparency in the contract award process. The project represents a domestic engagement and does not involve any interest from the promoter, promoter group, or group companies in the entity awarding the order. The company confirmed that the transaction does not fall within related party transactions, with the disclosure made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Innovision is engaged in providing manpower services, toll plaza management and skill development training across India, according to Business Standard. The company's consolidated financial performance showed strong growth in Q4 FY26, with net profit rising 8.33% to ₹11.87 crore on a 6.42% increase in total income to ₹268.78 crore compared to Q4 FY25. The company's stock performance reflected the positive developments, with the counter shedding 0.43% to ₹287.05 on the BSE following the contract announcement. The broad commercial consideration for the contract totals ₹9,23,44,635, with the execution period set for one year commencing from August 24, 2026.
