Hazoor Multi Projects Wins Rs 138.7 Million NHAI Toll Contract
ROADS & HIGHWAYS

Hazoor Multi Projects Wins Rs 138.7 Million NHAI Toll Contract

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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code