Innovision Secures Toll Contract In Rajasthan
ROADS & HIGHWAYS

Innovision Secures Toll Contract In Rajasthan

Shares of Innovision rose one point five five per cent to Rs 295.15 after the company said it had received a Letter of Award worth Rs 2.052 billion (bn) for collection of user fees at the Kishangarh Toll Plaza in Rajasthan. The contract was awarded through a competitive bidding process conducted via e-tender and covers collection services at the toll plaza.

The scope of the engagement includes upkeep and maintenance of adjacent toilet blocks and replenishment of consumable items, and the contract is to be executed over a period of one year. The company indicated that the award encompasses operational and facility management responsibilities at the plaza.

Innovision clarified that the contract does not constitute a related-party transaction and that neither its promoters nor members of the promoter group hold any interest in the award. The firm is engaged in providing manpower services, toll plaza management and skill development training across India and views expansion of toll operations as part of its service portfolio.

On a consolidated basis the company reported that net profit rose eight point three three per cent to Rs 118.7 million (mn) on a six point four two per cent increase in total income to Rs 2.6878 bn in the fourth quarter of fiscal year 26 over the same period a year earlier. The financial results reflect growth in core operations and the recent contract will add to the company's revenue in the near term.

The award followed standard procurement procedures under e-tendering and will be executed over the stated one year term, the company added. Market participants noted the stock movement and the company reiterated its focus on operational delivery and compliance with contract obligations.

Shares of Innovision rose one point five five per cent to Rs 295.15 after the company said it had received a Letter of Award worth Rs 2.052 billion (bn) for collection of user fees at the Kishangarh Toll Plaza in Rajasthan. The contract was awarded through a competitive bidding process conducted via e-tender and covers collection services at the toll plaza. The scope of the engagement includes upkeep and maintenance of adjacent toilet blocks and replenishment of consumable items, and the contract is to be executed over a period of one year. The company indicated that the award encompasses operational and facility management responsibilities at the plaza. Innovision clarified that the contract does not constitute a related-party transaction and that neither its promoters nor members of the promoter group hold any interest in the award. The firm is engaged in providing manpower services, toll plaza management and skill development training across India and views expansion of toll operations as part of its service portfolio. On a consolidated basis the company reported that net profit rose eight point three three per cent to Rs 118.7 million (mn) on a six point four two per cent increase in total income to Rs 2.6878 bn in the fourth quarter of fiscal year 26 over the same period a year earlier. The financial results reflect growth in core operations and the recent contract will add to the company's revenue in the near term. The award followed standard procurement procedures under e-tendering and will be executed over the stated one year term, the company added. Market participants noted the stock movement and the company reiterated its focus on operational delivery and compliance with contract obligations.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement