HMPL Wins NHAI Toll Contract and Completes Capital Infusion

21 Nov 2025 CW Team

Hazoor Multi Projects Limited (HMPL) has recently received a Letter of Award from the National Highways Authority of India to operate user fee collection at the Rampura Toll Plaza on NH 548B along the Vijayapur–Sankeshwar section in Karnataka. The Rs 138.7 million contract, secured through a competitive e-tendering process, also includes the upkeep of associated toilet blocks as part of its operational scope.

HMPL has additionally completed a capital infusion exercise following the allotment of 10,00,000 equity shares of Re 1 each at an issue price of Rs 30 per share to investor Mr Kumar Agrawal. This follows the conversion of 1,00,000 warrants after receipt of Rs 22.5 million, increasing the company’s issued and paid-up capital to 23,43,39,910 equity shares of Re 1 each.

Recent financial results show net sales of Rs 1021.1 million and a net loss of Rs 99.3 million for Q2FY26. For H1FY26, HMPL recorded net sales of Rs 2821.3 million and a net profit of Rs 38.6 million. In FY25, the company achieved net sales of Rs 6380 million and a net profit of Rs 400 million.

Based in Mumbai, HMPL is a diversified infrastructure and engineering firm with operations spanning highway development, civil EPC works and shipyard services, while expanding its presence in the oil and gas segment.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..