Hazoor Multi Projects Awarded LAO for User Fee Collection Project Worth ₹67.16 Crores

HMPL, established in 1992, is a leading Indian infrastructure development company specialising in Engineering, Procurement, and Construction (EPC) contracting. With a strong presence in road construction, HMPL has successfully delivered high-quality projects for respected government entities like the Maharashtra State Road Development Corporation Ltd. and the National Highways Authority of India (NHAI).

Awarded Contract from NHAI

Hazoor Multi Projects Limited has recently been awarded a prestigious contract by the National Highways Authority of India (NHAI) to manage user fee collection for a major highway project in Karnataka. 

This Letter of Acceptance (LOA) was granted following a rigorous and competitive e-tendering process, underscoring Hazoor Multi Projects’ expertise, reliability, and unwavering commitment to excellence in infrastructure development.

The contract involves collecting user fees at the Hulikunte Fee Plaza on NH648’s Dobaspet to Dodaballapur Bypass in Karnataka, covering km 0.00 to km 42.00. Hazoor Multi Projects will also manage the maintenance of nearby toilet blocks, including replenishing consumables, and ensuring excellent public service. Valued at ₹67.16 crore, the contract must be completed within a year, ensuring the infrastructure remains functional and well-maintained.

Hazoor Multi Projects Q2 FY25 Results

Hazoor Multi Projects Limited experienced a significant decline in Q1 2024, with net profit dropping by 99.61% to ₹0.08 crore and sales falling by 78.97% to ₹34.16 crore. However, the company showed resilience in Q2 2024, with operating cash flow reaching ₹69.61 crore, its highest in three years, and an increased dividend of ₹3 per share. 

Despite these positives, the half-yearly profit after tax fell by 86.14%, and net sales decreased by 15.4% compared to the average of the previous four quarters, highlighting ongoing challenges in profitability and revenue generation.

Share Price Performance 

At 10:15 AM on February 5, 2025, Hazoor Multi Projects Limited (HMPL) shares traded at ₹52.45 per share on the NSE.

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