Innovision scrubs ₹8 cr order, reveals it's actually ₹197.5 cr NHAI deal
A clerical error had understated the Ghamroj toll contract by 24x. The corrected figure is worth about 20% of annual revenue.
— 5 earlier stories on Innovision Ltd. →What's new
- Innovision corrected its 25 June disclosure: the NHAI toll contract is ₹197.53 cr, not ₹8.12 cr.
- The error was clerical. The value was misstated by 24 times.
- Contract runs one year from 12 August 2026 for toll collection and toilet block upkeep.
Why this matters
For a company with annual revenue of ~₹980 cr, a single ₹197.53 cr order is 20% of the top line. This dwarfs Innovision's recent NHAI wins (₹7-26 cr) and forces a material revision to order-book and revenue estimates. A genuine positive surprise.
What we're watching
- Whether Innovision can execute a contract of this scale, its largest ever.
- Any further contract wins from NHAI or other highways.
- Analyst upgrades and order-book disclosures in the next quarter.
The full read
Innovision just revealed that an NHAI toll contract it announced on 25 June is worth ₹197.53 crore, not the ₹8.12 crore it originally stated. The error was clerical, yet the gap is 24 times what went live. That is enormous. For a micro-cap with annual revenue of ₹980 crore, this single order equals 20% of the top line. Until now, Innovision's contract wins were in the range of ₹7-26 crore; this one is an entirely different order of magnitude. Execution remains the open question, but the correction has changed the company's near-term outlook.
Questions answered
- What was the original order value, and why was it corrected?
- Originally filed as ₹8.12 crore, the contract for Ghamroj Fee Plaza on NH-248 was actually ₹197.53 crore. The company cited a clerical error in the corrigendum.
- How significant is this order relative to Innovision's size?
- Innovision's annual revenue is about ₹980 crore, so the ₹197.53 crore contract represents roughly 20% of annual sales, a highly material single win.
- What does the contract involve?
- The one-year contract from August 2026 covers toll collection at the Ghamroj Fee Plaza on NH-248 (Haryana/Rajasthan) and upkeep of adjacent toilet blocks.
- How does this compare with Innovision's recent contract wins?
- In June 2026, Innovision won three NHAI contracts worth ₹7.73 cr, ₹25.69 cr, and ₹26.35 cr. This corrected order at ₹197.53 cr is roughly 8x larger than the biggest of those.
- Was the initial ₹8.12 crore disclosure price-sensitive?
- Given the company's scale, ₹8 crore is relatively small. But the corrected ₹197.53 crore is clearly material and would have been a significant positive disclosure had it been reported correctly.
Innovision Ltd.
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All notes on INNOVISION →- 3 Jul 2026 · 6:22 PM IST Innovision scrubs ₹8 cr order, reveals it's actually ₹197.5 cr NHAI deal
- 10d ago Innovision lands ₹7.73 cr NHAI contract, but smallest in recent streak
- 27d ago Innovision lands ₹25.69 cr NHAI toll contract
- 29d ago Innovision lands ₹26.35 cr NHAI toll contract, its latest highway win
- 30d ago Innovision loses a whole-time director weeks after its listing