Hazoor Multi Projects secures NHAI project worth Rs 44.23 cr

Mumbai (Maharashtra) [India], February 17: Hazoor Multi Projects Limited (HMPL), a diversified infrastructure and engineering company, has announced a significant win with the National Highways Authority of India (NHAI) awarding them a crucial Letter of Award (LOA). This contract, valued at Rs 44.23 crore, designates HMPL as the contractor responsible for the collection of user fees at the Balenahalli fee plaza. The scope of work extends to the upkeep and maintenance of adjacent toilet blocks, including the replenishment of consumable items, for the four-lane section of NH-150A in Karnataka, specifically from Chainage Km. 359.120 to Km. 411.560. This new contract further solidifies HMPL’s robust presence in the highway development sector.

The award comes as Hazoor Multi Projects continues to demonstrate impressive financial growth. For the third quarter of FY26, the company reported net sales of Rs 75.97 crore and a net profit of Rs 2.72 crore. The nine-month results for FY26 showcase a substantial increase, with net sales reaching Rs 259.20 crore, marking a 55 percent year-over-year rise, and net profit climbing to Rs 12.43 crore, a 57 percent year-over-year increase. These figures follow a strong fiscal year 2025, where HMPL achieved net sales of Rs 638 crore and a net profit of Rs 40 crore, underpinning the company’s consistent upward trajectory and a market capitalization exceeding Rs 800 crore. Furthermore, the company’s stock performance has been exceptional, with a remarkable surge of over 10,000 percent in the last five years.

Adding to its strategic growth initiatives, Hazoor Multi Projects has also recently enhanced its stake in its subsidiary, Square Port Shipyard, by converting Rs 25 crore worth of optionally convertible debentures into equity. This non-cash settlement strengthens HMPL’s direct control over a profitable subsidiary, which recorded a net profit of Rs 17.98 crore in FY 2024-25. This move signifies a focused effort to unlock value and reinforce its commitment to the burgeoning marine sector. 

Based in Mumbai and listed on the BSE, HMPL is a diversified entity with core operations in highways, civil EPC works, shipyard services, and an emerging presence in the Oil and Gas Sector. Known for its execution prowess and strategic vision, HMPL continues to build a resilient platform focused on scalable growth, recurring revenue streams, and multi-vertical integration across infrastructure, energy, and industrial technology.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

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