Jio Financial Services’ subsidiary, Jio Payments Bank, has secured a contract to implement the FASTag Automatic Number Plate Recognition (ANPR)-based Multi-Lane Free Flow (MLFF) toll collection system at Shahjahanpur and Manoharpura toll plazas.
These toll plazas, located on the highway stretch between Gurugram and Jaipur, were awarded through a tender issued by the Indian Highways Management Company (IHMCL) for managing toll processing under India’s pilot MLFF project.
The MLFF tolling system is an advanced electronic toll collection technology that identifies, classifies, and charges vehicles accurately without requiring them to slow down, stop, or use designated toll lanes.
Currently, Jio Payments Bank manages toll operations at 11 toll plazas across various highway stretches as an acquirer bank. With this latest acquisition, the company strengthens its position in India’s infrastructure-linked digital payments ecosystem.
On the financial front, Jio Financial Services reported a 3.83 per cent rise in consolidated net profit to Rs 325 crore in Q1 June 2025 compared to Q1 June 2024. Total income surged 48.09 per cent to Rs 418 crore, pre-provisioning operating profit stood at Rs 366 crore (up 8 per cent), and profit before tax rose 4.5 per cent to Rs 419 crore. On the BSE, the stock dipped 0.10 per cent to Rs 308.
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