Hazoor Multi Projects Ltd has been awarded a Letter of Award (LOA) by the National Highways Authority of India (NHAI), a domestic entity, for a project valued at Rs. 13,87,00,000. Secured through competitive e-bidding, the contract primarily involves operating as the user fee/toll collection agency at the Rampura Toll Plaza (Km 23.300) on the 2/4 lane NH 548B (Vijayapur-Sankeshwar Section) in Karnataka, along with the upkeep and maintenance of the adjacent toilet blocks. The time period for the execution of this contract is one year.
Additionally, the Fund-Raising Committee of Hazoor Multi Projects Ltd. approved the allotment of 10,00,000 equity shares of Re 1 each at an issue price of Rs 30 per share to Kumar Agrawal (Non-Promoter/Public Category), following the conversion of 1,00,000 warrants after receiving the balance amount of Rs 2,25,00,000 (Rs 225 per warrant). This conversion, adjusted for the company's prior 1:10 stock split, increases the company's issued and paid-up capital to 23,43,39,910 (consisting of 23,43,39,910 equity shares of Re 1 each), with the new shares ranking pari-passu with the existing ones.
About the Company
Hazoor Multi Projects Ltd (HMPL) is a BSE-listed, diversified infrastructure and engineering company based in Mumbai, with core operations spanning highways, civil EPC works and shipyard services and now in the Oil and Gas Sector. Known for execution excellence and strategic clarity, HMPL has built a solid track record across capital-intensive, nationally significant projects. With a focus on scalable growth, recurring revenues and multi-vertical integration, HMPL is building a future-ready platform at the intersection of infrastructure, energy and industrial technology.
According to the quarterly results (Q2FY26), the company reported net sales of Rs 102.11 crore and a net loss of Rs 9.93 crore while in the half-yearly results (H1FY26), the company reported net sales of Rs 282.13 crore and a net profit of Rs 3.86 crore. Looking at its annual results (FY25), the company reported net sales of Rs 638 crore and a net profit of Rs 40 crore.
The company has a market cap of over Rs 700 crore. In September 2025, FIIs bought 55,72,348 shares and increased their stake to 23.84 per cent compared to June 2025. The company's shares have a PE of 17x whereas the sectoral PE is 42x. The stock gave multibagger returns of 130 per cent in just 2 years and a whopping 230 per cent in 3 years. From Rs 0.18 to Rs 30.70 per share, the stock rocketed over 16,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.
Road Construction Company Bags Order Worth Rs 13,87,00,000 From National Highways Authority of India