Hazoor Multi Projects Secures Rs 1,830 Million Order From Tata Steel

26 Feb 2026 CW Team

Hazoor Multi Projects said it has secured a work order from Tata Steel for infrastructure and allied services, marking a notable contract win for the construction firm. The order was announced in a company filing and follows a period of renewed activity in industrial infrastructure tendering. The deal underscores the firm's focus on large-scale steel sector assignments.

The contract is valued at Rs 183 crore, equivalent to Rs 1,830 million (Rs 1,830 mn), and will cover engineering, procurement and construction activities across designated sites. The amount will be reported as Rs 1,830 mn in the company's financial disclosures and will be treated as an order inflow in the current quarter. Project deliverables include civil works, utility installation and infrastructure upgrades tailored to the steelmaker's operational requirements.

Hazoor Multi Projects indicated that the assignment will commence following customary clearances and mobilisation procedures and that work schedules will be aligned with the client's project timetables. The company expects to deploy its project management teams and subcontractor network to meet phased milestones. No financial guidance was revised at the time of the filing.

Industry observers noted that contract awards in the steel and related infrastructure segment have gained momentum, driven by capacity expansion and maintenance cycles. The order win adds to Hazoor Multi Projects' order book and reinforces its presence in the industrial construction domain. The contract may support revenue visibility in the near term and contribute to capacity utilisation.

The company filed the development on 20 February 2026 and stated that it will update the market on execution progress as required under regulatory norms. The announcement was made through the stock exchange reporting mechanism and will be included in the next quarterly statement.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..