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Innovision share price jumped 18% on Wednesday, 9 September, after the company received a Letter of Award (LoA) from the National Highways Authority of India (NHAI) for user fee collection at Pachwara Fee Plaza on NH-39 in Madhya Pradesh. The latest order is worth ₹24.52 crore and covers user fee collection at the fee plaza for the four-laning of the Jhansi-Khajuraho section of NH-39. The contract also includes the upkeep and maintenance of adjacent toilet blocks, along with replenishment of consumable items. The order is to be executed over a period of one year. In a separate order, Innovision has been appointed as a user fee collection agency for the IDTL A and IDTL B fee plazas for the six-laning of the Indore-Dewas section of NH-3 in Madhya Pradesh. The contract, awarded through competitive bidding via e-tender, has a total commercial consideration of ₹219.07 crore and is also valid for one year. The company said both orders were awarded by domestic entities and that no promoter, promoter group or group company has any interest in the entities awarding the contracts. The latest contracts add to a series of NHAI orders secured by Innovision in recent months. Earlier this month, the company received an LoA worth ₹48.25 crore for user fee collection at Mangapatnam Fee Plaza on NH-67 in Andhra Pradesh. The contract covers the Tadipatri-Jammalamadugu route via Muddanur and includes the upkeep and maintenance of adjacent toilet blocks and the replenishment of consumable items. In August, Innovision secured another NHAI contract worth ₹30.36 crore for user fee collection at Manambadi Fee Plaza on the Sethiyathope-Cholapauram section of NH-36 in Tamil Nadu. The order also includes maintenance of adjacent toilet blocks and replenishment of consumables. The latest contract wins strengthen Innovision’s order pipeline and expand its presence across highway fee-collection projects in multiple states. The stock has gained 8.48% in the past week and 10.42% over the last two weeks. However, it has declined 1.41% in the past month and 4.70% over the last three months. Innovision share price today opened at ₹271.80 apiece on the BSE, the stock touched an intraday high of ₹296 per share, and an intraday low of ₹265 apiece. Disclaimer: The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions. Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content. Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
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