Innovision on 8 September announced that the company secured NHAI contracts worth around Rs 244 crore for toll collection and facility maintenance. 

The latest wins add to the company’s growing order pipeline and strengthen its presence in the toll plaza management business. Innovision provides toll collection, facility management and manpower services across India.

The contracts involve Innovision acting as the user fee collection agency at NHAI toll plazas through competitive bidding. Along with collecting toll fees, the company will also be responsible for the upkeep and maintenance of nearby toilet blocks and replenishment of consumable items. These contracts generally have a tenure of one year.

The latest order wins add to several contracts secured by Innovision in recent months. In July, the company won a Rs 97.52 crore contract from NHAI for toll collection and facility maintenance at the Biratiya Kalan Fee Plaza in Rajasthan. The contract covers the Bar-Bilara-Jodhpur section of NH-112 and has a one-year tenure.

Innovision has also secured contracts across multiple states. In August, it received a Rs 30.37 crore NHAI contract for the Manambadi Fee Plaza on NH-36 in Tamil Nadu. The agreement covers toll collection and maintenance services for one year.

The company had earlier won a major contract for the Kishangarh Toll Plaza in Rajasthan. The July award was valued at around Rs 205.20 crore, covering toll collection and maintenance of facilities for one year.

These wins are important for Innovision as the government continues to expand India’s national highway network and toll collection infrastructure. Industry body ICRA expects national highway toll revenues to grow 7-9% in FY27, before accelerating to 10-12% in FY28 as traffic and toll rates improve.

With a growing pipeline of NHAI contracts, Innovision is positioning its toll management business to benefit from India’s expanding road infrastructure. Investors will now track the company’s ability to convert these contracts into higher revenue and profitability.

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