Hazoor Multi Projects Wins Rs 138.7 Million NHAI Toll Contract

25 Nov 2025 CW Team

The scope of the contract includes not only toll collection but also maintenance of associated toilet blocks, ensuring comprehensive service delivery to commuters. HMPL noted that the announcement complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reflecting its commitment to transparency and governance. The company expects the project to enhance regional infrastructure while strengthening its operational portfolio.

Alongside this development, HMPL has completed a capital infusion. Its Fund-Raising Committee has approved the allotment of 1 million equity shares of Re 1 each at Rs 30 per share to investor Kumar Agrawal (non-promoter/public). This follows the conversion of 100,000 warrants after receipt of the remaining Rs 22.5 million. Adjusted for the previous 1:10 stock split, the company’s issued and paid-up capital now stands at 234.33991 million equity shares of Re 1 each, with the new shares ranking pari passu with existing equity.

Recent financial results reflect continued operational momentum. For Q2 FY26, HMPL reported net sales of Rs 1.0211 billion and a net loss of Rs 99.3 million. In H1 FY26, net sales stood at Rs 2.8213 billion, with a net profit of Rs 38.6 million. For FY25, the company recorded net sales of Rs 6.38 billion and a net profit of Rs 400 million.

Based in Mumbai and listed on the BSE, Hazoor Multi Projects is engaged in highways, civil EPC works and shipyard services, while expanding into the oil and gas sector. Known for its execution capability and strategic focus, the company is building a scalable, multi-vertical platform spanning infrastructure, energy and industrial technology.

Hazoor Multi Projects Limited (HMPL), a diversified infrastructure and engineering company, has received a Letter of Award from the National Highways Authority of India (NHAI) appointing it as the operating agency for user fee and toll collection at the Rampura Toll Plaza on NH 548B (Vijayapur–Sankeshwar section) in Karnataka. The contract, valued at Rs 138.7 million, was secured through a competitive e-tendering process, underscoring the company’s capability in managing key infrastructure services. The scope of the contract includes not only toll collection but also maintenance of associated toilet blocks, ensuring comprehensive service delivery to commuters. HMPL noted that the announcement complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reflecting its commitment to transparency and governance. The company expects the project to enhance regional infrastructure while strengthening its operational portfolio. Alongside this development, HMPL has completed a capital infusion. Its Fund-Raising Committee has approved the allotment of 1 million equity shares of Re 1 each at Rs 30 per share to investor Kumar Agrawal (non-promoter/public). This follows the conversion of 100,000 warrants after receipt of the remaining Rs 22.5 million. Adjusted for the previous 1:10 stock split, the company’s issued and paid-up capital now stands at 234.33991 million equity shares of Re 1 each, with the new shares ranking pari passu with existing equity. Recent financial results reflect continued operational momentum. For Q2 FY26, HMPL reported net sales of Rs 1.0211 billion and a net loss of Rs 99.3 million. In H1 FY26, net sales stood at Rs 2.8213 billion, with a net profit of Rs 38.6 million. For FY25, the company recorded net sales of Rs 6.38 billion and a net profit of Rs 400 million. Based in Mumbai and listed on the BSE, Hazoor Multi Projects is engaged in highways, civil EPC works and shipyard services, while expanding into the oil and gas sector. Known for its execution capability and strategic focus, the company is building a scalable, multi-vertical platform spanning infrastructure, energy and industrial technology.

Equipment

09 Jan 2026

BKT Partners All Teams in India’s Women’s T20 League

Balkrishna Industries (BKT), a global leader in the off-highway tyre market, announced its association as the Official Tyre Partner for all five teams competing in India’s premier women’s T20 championship – Mumbai Indians, Royal Challengers Bangalore, Delhi Capitals, Gujarat Giants, and UP Warriorz – for the upcoming season. This move reinforces BKT’s commitment to using sport as a platform for inclusion, opportunity, and long-term development.These partnerships reflect BKT’s belief in the transformative power of sport, particularly in advancing women’s participation and creating..

Infrastructure Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

Infrastructure Energy

09 Jan 2026

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..