According to the latest disclosure from Innovision Limited, the company has officially secured a Letter of Award (LoA) for a user fee collection contract valued at ₹27,52,09,635 for toll collection services at Kariyamangalam fee plaza in Tamil Nadu. The contract was awarded by the National Highways Authority of India (NHAI) through competitive bidding via tender ID NHAI/13013/547/CO/26-27/CB/KariyamangalamFP/E 251066/B1/R/587. The company informed stock exchanges that the order was awarded on July 7, 2026, through a competitive e-tender process, with the contract formally awarded following initial execution on July 6, 2026. The operations are scheduled to commence on August 24, 2026, and run for a non-stop duration of exactly one year. Following the announcement made after market hours on July 8, 2026, Innovision's stock price rose 1.64% to ₹288.40 on the BSE, reflecting positive market response to the contract win.
The contract covers toll collection services at Kariyamangalam fee plaza located on the Tindivanam to Krishnagiri section of a two-lane highway with paved shoulders. The project operates under the EPC (Engineering, Procurement, and Construction) mode under the National Highways (O) category in Tamil Nadu state. As reported by Innovision Limited, the infrastructure mandate contains no internal conflicts of interest or institutional anomalies, with the company clarifying that neither corporate promoters, promoter groups, nor any affiliated group companies hold any underlying stake in the awarding entity, NHAI. The filing also confirmed that the order is not a related-party transaction and that neither the promoter nor the promoter group has any interest in the awarding authority. The scope of work includes managing the two-lane fee plaza with paved shoulders and the upkeep of adjacent toilet blocks, including the recouping of consumable items.
According to the contract terms, Innovision's responsibilities include day-to-day vehicular toll collections and complete maintenance, upkeep, and consumable stocking of adjacent public utility blocks. The company will be responsible for maintaining the toll plaza facilities, including upkeep and maintenance of nearby toilet blocks and ensuring regular replenishment of consumable items to keep the facilities operational for highway users. The contract ensures standardized digital tolling workflows, less lane confusion, and audited roadside amenities for commercial transport operators, logistics businesses, and daily commuters traveling between Tindivanam and Krishnagiri. The company will work as the user fee collection agency at the Kariyamangalam Fee Plaza, with responsibilities extending beyond toll collection to comprehensive facility management.
Despite securing the new contract, Innovision's stock price declined 1.58% to ₹283.75 on the BSE following the announcement. However, the stock recovered to rise 1.64% to ₹288.40 after the positive market response to the contract win. The company reported strong financial performance in Q4 FY26, with consolidated 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. Innovision is engaged in providing manpower services, toll plaza management and skill development training across India. For institutional shareholders and equity analysts tracking infrastructure stocks, the addition of this ₹27.52 crore contract strengthens Innovision's localized revenue pipeline for the 2026–2027 fiscal quarters, providing steady revenue visibility through a fixed-term, recurring service model over the one-year contract duration.
