BSECompany Update23 Jul 2026 · 23 Jul 2026, 04:42 pm
Intimation of announcement under regulation 30 of LODR w.r.t Press release as -- Innovision Limited secures toll plaza in Rajasthan at Biratiya Kalan Fee Plaza
Innovision Ltd · 544732
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Innovision Limited has secured a Letter of Award (LoA) from the National Highways Authority of India (NHAI) to operate as the user fee collection agency at the Biratiya Kalan Fee Plaza, situated on the Bar-Bilara-Jodhpur section of NH-112 in Rajasthan, under NHDP Phase-IV. The engagement runs for a term of one year, with a commercial consideration of ₹97,52,79,635.
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Innovision Ltd - 544732 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Date: 23 July 2026
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai – 400001
Scrip Code: 544732
National Stock Exchange of India Limited
Exchange Plaza, Bandra Kurla Complex
Bandra (East)
Mumbai – 400051
Symbol: INNOVISION
Subject: Submission of Press Release pursuant to Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015
Dear Sir/Madam,
Pursuant to the disclosure already made by Innovision Limited to the Stock Exchanges under Regulation 30 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the receipt of the Letter of Award (LoA) from
the National Highways Authority of India (NHAI) for engagement as the User Fee Collection Agency at the Biratiya Kalan
Fee Plaza situated on the Bar- Bilara- Jodhpur section of NH-112 in Rajasthan under NHDP Phase-IV, we are enclosing
herewith a copy of the Press Release being issued by the Company.
The enclosed Press Release is based solely on the information already disclosed to the Stock Exchanges and does not contain
any additional material information or Unpublished Price Sensitive Information (UPSI) beyond what has already been
disseminated in accordance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 and the SEBI (Prohibition of Insider Trading) Regulations, 2015. In case of any inconsistency, the
disclosure filed by the Company with the Stock Exchanges shall prevail over the enclosed Press Release.
The aforesaid Press Release shall also be made available on the website of the Company at www.innovision.co.in.
Kindly take the same on record.
Thanking you.
Yours faithfully,
For Innovision Limited
Jyoti Sachdeva
Company Secretary & Compliance Officer
Membership No.: A22176
Encl.: Press Release
INNOVISION LIMITED
ISO 9001 : 2008 | ISO/IEC 27001 : 2005 | ISO 14001:2015 | OHSAS 18001:2007 | CIN NO. U74910DL2007PLC157700
Corp. Office: Plot No 251, 1st Floor, Udyog Vihar, Phase 4, Gurugram-122015, Haryana. | Regd. Office: 1/209, First Floor Sadar Bazar, Delhi Cantt Delhi-
110010
0124-4387354/2341602, | 0124-2340186, | info@innovision.co.in, | www.innovision.co.in
Innovision Limited secures its next toll plaza contract in Rajasthan, wins NHAI
mandate for Biratiya Kalan Fee Plaza
New Delhi, India, 23rd July, 2026 - Innovision Limited, an integrated infrastructure and services
platform, has been awarded a Letter of Award (LoA) by the National Highways Authority of
India (NHAI) to operate as the user fee collection agency at the Biratiya Kalan Fee Plaza,
situated on the Bar-Bilara-Jodhpur section of NH-112 in Rajasthan, under NHDP Phase-IV. The
company has already disclosed this development to the stock exchange under regulation 30 of
the SEBI (LODR) Regulation, 2015.
Contract highlights:
The mandate, awarded on July 21, 2026 follows a competitive e-tender process conducted on
an EPC mode basis. Beyond toll collection, the scope also extends to the upkeep and
maintenance of adjacent toilet blocks, including recouping of consumable items.
The engagement runs for a term of one year, with a broad commercial consideration of
₹97,52,79,635 (Rupees Ninety-Seven Crore Fifty-Two Lakh Seventy-Nine Thousand Six Hundred
and Thirty-Five only) associated with the contract.
This award marks a further addition to Innovision's toll management footprint, extending the
Company's operational base into Rajasthan and building on its standing within NHAI's user fee
collection framework.
Management Commentary:
Lt. Col. Randeep Hundal, Chairman & Managing Director, Innovision Limited,
commented, “The Biratiya Kalan Fee Plaza mandate further expands the Company's toll
management operations in Rajasthan and reinforces its continued focus on the toll
management business. It reinforces the approach we have consistently taken in this
vertical of participating in open, competitive processes and strengthens our credentials
for participating in future competitive bidding opportunities.
Our toll management vertical has scaled through the steady accumulation of individual
plaza engagements rather than dependence on any single award, and this remains true
here as well. The underlying model continues to be asset-light in nature, with working
capital forming the primary requirement, which allows us to expand the portfolio without
a proportionate rise in capital intensity.
We would also note that the commercial consideration disclosed as part of our regulatory
filing reflects the gross value of the engagement under the toll collection framework,
where collections are remitted to NHAI and the Company retains an agreed spread. This
figure should not be interpreted as an expected direct or proportionate addition to net
revenue; the more meaningful measure of performance in this vertical remains the
aggregate contribution across our expanding plaza portfolio.
NHAI's continuing pipeline of toll asset tenders, together with the sector-wide shift toward
fully digital fee collection, may provide opportunities for participation in future tenders,
subject to competitive bidding and applicable eligibility criteria. We intend to remain
disciplined in our participation across this pipeline, while maintaining the execution
standards that have underpinned our presence across toll, manpower, and skill
development businesses.”
About Innovision Limited:
Innovision Limited is an integrated services company offering solutions across manpower
outsourcing and toll management.
The Company completed its Initial Public Offering during FY 2025-26 aggregating ~₹3,192.5
million, comprising a mix of fresh issue and offer for sale, and is listed on BSE and NSE .
With a diversified service portfolio and strong execution capabilities, Innovision continues to
strengthen its presence across infrastructure and capitalize on opportunities across
infrastructure and technology-enabled service segments in India.
Disclaimer
Certain statements contained in this press release may constitute forward-looking statements,
which are not historical facts and are made within the meaning of applicable securities laws and
regulations. These statements are based on management's current expectations, assumptions
and projections regarding future events and are subject to various risks, uncertainties and other
factors, including, but not limited to, government actions, local developments, technological
risks and other factors, many of which are beyond the Company's control. Actual results may
differ materially from those expressed or implied in such statements. Investors are advised not
to place undue reliance on these forward-looking statements. Except as required under
applicable law, including the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the Company undertakes no obligation to publicly update or revise any
forward-looking statements to reflect subsequent events or circumstances.
For Further Information Please Contact
Investor Relations Advisors
ConfideLeap Partners
info@confideleap.com
+(91) 85911 45959
www.confideleap.com