Innovision Limited has been awarded a Letter of Award (LOA) for the upkeep and maintenance of the Shamli to Muzaffarnagar section of National Highway 709AD in Uttar Pradesh. The contract, secured through competitive e-tendering, also includes the maintenance of adjacent toilet blocks and consumables. The total commercial consideration for this project is valued at ₹12,16,79,910 and is expected to be executed within 90 days.
New Highway Maintenance Contract Secured
Innovision Limited announced it has received a Letter of Award (LOA) for a significant project related to the National Highway 709AD in Uttar Pradesh. The contract specifically covers the Shamli to Muzaffarnagar section of the highway.
Scope of Work and Contract Value
The scope of the engagement includes the upkeep and maintenance of the highway itself, as well as adjacent toilet blocks and the recouping of consumable items. This comprehensive maintenance contract was awarded on a competitive bidding basis through an E-Tender process. The broad commercial consideration for this order amounts to ₹12,16,79,910 (Rupees Twelve Crore Sixteen Lakh Seventy Nine Thousand Nine Hundred Ten Only).
Contract Duration and Details
The contract is slated for execution within a period of 90 days. Innovision Limited confirmed that the award was granted under tender ID NHAI/13013/547/CO/26-27/(1.641)/EQ/Jagahedi Fee Plaza/E229036/N-2193. The company stated that there are no promoter interests in the awarding entity and that the contract does not fall within related party transactions.
Source: BSE
