Innovision Limited has been awarded a Letter of Award (LOA) for user fee collection and maintenance services at the Patnipartapur Toll Plaza on NH-709A. The contract, valued at ₹10,99,79,910 (Rupees Ten Crore Ninety-Nine Lakh Seventy-Nine Thousand Nine Hundred and Ten Only), was granted through competitive bidding. This domestic contract involves toll collection and upkeep of adjacent toilet blocks for a period of 90 days, commencing from the order date.
New Contract Awarded by NHAI
Innovision Limited has announced the receipt of a Letter of Award (LOA) for a significant contract focused on user fee collection and the upkeep of facilities at the Patnipartapur Toll Plaza. The plaza is located on NH-709A, stretching from Meerut to the Haryana/UP Border in Uttar Pradesh.
Contract Details and Value
The award was secured through a competitive e-tender process, highlighting Innovision’s success in securing large-scale projects. The contract’s broad commercial consideration stands at ₹10,99,79,910 (Rupees Ten Crore Ninety-Nine Lakh Seventy-Nine Thousand Nine Hundred and Ten Only). The scope of work includes the collection of user fees and the maintenance of adjacent toilet blocks, including the recouping of consumable items. The entity awarding this contract is the NHAI (National Highways Authority of India).
Operational and Contractual Information
This is a domestic contract, and its execution is scheduled to be completed within a period of 90 days from the award date. The company has confirmed that there is no interest from promoters, promoter groups, or group companies in the entity that awarded the contract, and the contract does not fall within the scope of related party transactions.
Source: BSE
