+
Hazoor Multi Projects Secures Rs 419.8 mn LoA From NHAI
ROADS & HIGHWAYS

Hazoor Multi Projects Secures Rs 419.8 mn LoA From NHAI

Hazoor Multi Projects Ltd has received a Letter of Award worth Rs 419.8 million (mn) from the National Highways Authority of India for engaging as the contractor for collection of user fee at H. Pudhupatti fee plaza at kilometre 39.760 of the Salem to Vayembadi section on NH-179A in Tamil Nadu. The assignment includes upkeep and maintenance of adjacent toilet blocks and recouping the consumable items and is awarded for a period of one year. The company will act as the contractor responsible for toll collection and ancillary services at the specified plaza.

The scrip was trading at Rs 20.58, up by zero point six seven points or three point three seven per cent from the previous closing of Rs 19.91 on the BSE. The counter opened at Rs 20.69 and registered an intraday high and low of Rs 20.69 and Rs 20.31 respectively, with 99,014 shares traded so far. The market response reflected investor interest in the infrastructure sector following the LoA announcement.

The BSE group B stock with face value one has a 52 week high of Rs 42.02 recorded on 18 September 2025 and a 52 week low of Rs 17.52 recorded on 27 August 2026. The last one week high and low of the scrip stood at Rs 20.69 and Rs 18.60 respectively. The current market capitalisation stood at Rs 5,929.8 million (mn).

Promoters hold 13.70 per cent of the equity while institutions and non-institutions hold 27.07 per cent and 59.23 per cent respectively. The LoA for Rs 419.8 million (mn) is structured as a one year contract for user fee collection and maintenance services on the designated stretch of NH-179A. Investors and analysts noted the order adds to the company's presence in toll operations and short term revenue visibility.

Hazoor Multi Projects Ltd has received a Letter of Award worth Rs 419.8 million (mn) from the National Highways Authority of India for engaging as the contractor for collection of user fee at H. Pudhupatti fee plaza at kilometre 39.760 of the Salem to Vayembadi section on NH-179A in Tamil Nadu. The assignment includes upkeep and maintenance of adjacent toilet blocks and recouping the consumable items and is awarded for a period of one year. The company will act as the contractor responsible for toll collection and ancillary services at the specified plaza. The scrip was trading at Rs 20.58, up by zero point six seven points or three point three seven per cent from the previous closing of Rs 19.91 on the BSE. The counter opened at Rs 20.69 and registered an intraday high and low of Rs 20.69 and Rs 20.31 respectively, with 99,014 shares traded so far. The market response reflected investor interest in the infrastructure sector following the LoA announcement. The BSE group B stock with face value one has a 52 week high of Rs 42.02 recorded on 18 September 2025 and a 52 week low of Rs 17.52 recorded on 27 August 2026. The last one week high and low of the scrip stood at Rs 20.69 and Rs 18.60 respectively. The current market capitalisation stood at Rs 5,929.8 million (mn). Promoters hold 13.70 per cent of the equity while institutions and non-institutions hold 27.07 per cent and 59.23 per cent respectively. The LoA for Rs 419.8 million (mn) is structured as a one year contract for user fee collection and maintenance services on the designated stretch of NH-179A. Investors and analysts noted the order adds to the company's presence in toll operations and short term revenue visibility.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code