Innovision Ltd Wins Rs 94.97 Crore NHAI Contract for Chhattisgarh Toll Plaza

Contract Value: Rs 94.97 crore
Project Tenure: 1 year

Reader Takeaway: This NHAI win secures recurring revenue for one year, but execution and maintenance quality remain key performance markers.

What just happened

Innovision Ltd has been awarded a major work order by the National Highways Authority of India (NHAI) to act as the user fee collection agency for the Limha Fee Plaza. The plaza is located on the Bilaspur-Pathrapali section of NH-11 (New NH-130) in Chhattisgarh. The contract, valued at Rs 94.97 crore, was won through a competitive E-Tender process.

Why this matters

This order highlights the company's ability to secure large-scale facility management projects under the government’s infrastructure initiatives. Beyond toll collection, the scope of work includes the maintenance of toilet blocks and the provision of necessary supplies, making it a comprehensive service mandate. It provides a clear, time-bound revenue stream for the upcoming year.

Commercial Terms

The contract is for a duration of one year effective from October 21, 2026. The company has clarified that this is a domestic project and involves no promoter group interests or related-party transactions, ensuring transparency in the award process.

What to track next

Investors should look for updates on the smooth operational transition at the Limha Fee Plaza. Key metrics to monitor include the pace of toll revenue realization and the company's adherence to the NHAI’s strict maintenance standards, which are essential for avoiding penalties and ensuring contract renewal potential.