Innovision has secured a ₹48.52 crore contract for toll collection services at Mangapatnam Fee Plaza on NH-67 in Andhra Pradesh. According to reports from Business Standard, the contract was awarded through competitive bidding processes, demonstrating the company's competitive positioning in the infrastructure services sector. The contract represents part of Innovision's aggressive expansion strategy following its successful public listing in March 2026.
The contract encompasses user fee agency services for the Mangapatnam Fee Plaza located on NH-67 connecting Tadipatri to Jammalamadugu via Muddanur. As reported by Business Standard, the services include toll collection, upkeep and maintenance of adjacent toilet blocks, and recouping of consumable items. The contract has been awarded for a one-year period. This latest award adds to Innovision's growing portfolio of NHAI toll plaza management contracts across multiple Indian states.
Innovision reported standalone and consolidated revenue of ₹980.8 crore for the financial year ended March 31, 2026, with Profit After Tax (PAT) of ₹36 crore, showing steady growth from previous periods. The company successfully raised ₹319.25 crore through its Initial Public Offering in March 2026, which has been strategically deployed to fund working capital requirements for its expanding toll plaza operations. Since listing on the BSE and NSE on March 23, 2026, Innovision has focused on securing multiple NHAI contracts across Jharkhand, Maharashtra, and Rajasthan.
This contract award represents Innovision's continued expansion in the infrastructure services sector, particularly in toll collection and facility management. The company has established a proven track record of securing major NHAI contracts, including the ₹142.78 crore Subgavhan Toll Plaza in Maharashtra, and aims for 30+ toll plazas over the medium term. Innovision's business model is heavily geared towards the government ecosystem, which accounts for over 80% of its revenues, with the company leveraging its over 15,000 workforce deployed nationwide to participate in competitive bidding processes.
