Innovision bags Rs 28 crore NHAI toll collection contract
Mumbai, July 8 -- The contract, awarded through a competitive e-tender process, covers user fee collection at the Kariyamangalam fee plaza on the Tindivanam-Krishnagiri two-lane highway with paved shoulders. The scope of work also includes upkeep and maintenance of adjacent toilet blocks, including recouping consumable items.
The contract is to be executed over a period of one year. The company clarified that the contract is not a related-party transaction and that neither its promoters nor promoter group entities have any interest in the award.
Innovision is engaged in providing manpower services, toll plaza management and skill development training across India. On a consolidated basis, the company's net profit rose 8.33% to Rs 11.87 ...
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