Innovision Limited has been awarded a one-year contract by the National Highways Authority of India (NHAI) for user fee collection and facility maintenance at the Subgavhan Toll Plaza in Maharashtra, valued at approximately ₹1.43 billion (USD 14.97 million).
Innovision Limited has secured a significant mandate from the National Highways Authority of India (NHAI) to manage toll operations and facility upkeep at the Subgavhan Toll Plaza in Maharashtra. This development underscores the firm's growing footprint in the infrastructure services sector and its capability to execute high-value domestic contracts through competitive bidding processes.
The scope of the contract involves the engagement of Innovision Limited as the user fee collection agency for the Subgavhan Toll Plaza in the state of Maharashtra, along with the upkeep and maintenance of adjacent toilet blocks, including the recouping of all necessary consumable items.
This contract is pivotal for stakeholders as it highlights continued investment in road infrastructure management and the essential role of specialized service providers in maintaining public amenities. For investors and industry players, the move signals a stable revenue stream for the contractor over the one-year execution period, reflecting the ongoing operational demand within India's transport infrastructure network.
Innovision Limited is a multi-disciplinary service provider operating with ISO and OHSAS certifications. The National Highways Authority of India (NHAI) is the apex body responsible for the development, maintenance, and management of national highways in India.
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