Innovision has secured two significant contracts worth ₹268.13 crore from the National Highways Authority of India for toll collection and facility maintenance services in Madhya Pradesh. According to company exchange filings, the larger contract worth ₹219.07 crore was awarded on September 7 through competitive bidding for toll collection and facility maintenance at IDTL A and IDTL B fee plazas on the six-laning project of the Indore-Dewas section of NH-3. The second contract, valued at ₹24.53 crore, covers user-fee collection at the Pachwara fee plaza on NH-39 for the four-laning project of the Jhansi-Khajuraho section. Both contracts include maintenance of adjacent toilet blocks and replenishment of consumable items, with execution scheduled over one-year periods.
The larger contract encompasses toll collection and facility maintenance for IDTL A and IDTL B fee plazas located on the six-laning project of the Indore-Dewas section of NH-3. As reported by company filings, the services include toll collection, upkeep and maintenance of adjacent toilet blocks, and replenishment of consumable items. The ₹24.53 crore contract covers user-fee collection at the Pachwara fee plaza on NH-39 for the four-laning project of the Jhansi-Khajuraho section, with similar comprehensive service scope. Both contracts were awarded through competitive bidding via e-tender processes, demonstrating the company's competitive positioning in the infrastructure services sector.
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, Rajasthan, and now Madhya Pradesh.
Despite securing these significant contracts, Innovision shares closed Tuesday at ₹252.75, down 1.37% or ₹3.50 from the previous close, as reported by CNBC TV18. The stock performance reflects broader market conditions rather than contract-specific developments. The company's business model remains 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 across multiple Indian states.
