India, Sept. 9 -- The toll and manpower services company Innovision Limited has picked up two more highway fee-collection contracts from NHAI, adding to a portfolio that's already the biggest single driver of its revenue. Both awards came through competitive e-tenders, both are set in Madhya Pradesh, and both run for a year. The combined order value sits close to Rs. 243.6 crore. It's a routine-looking update on the surface, but it lands right as the company is trying to back up some fairly aggressive medium-term growth guidance with actual, verifiable order wins.

Shares of Innovision Ltd are trading at Rs. 285.55, up 13.31 percent on Wednesday. The stock touched the intraday high of Rs. 296.45 after opening at Rs. 268.00 before slippin...