According to reports from Moneycontrol, Hazoor Multi Projects has received a letter of award from the National Highways Authority of India for user fee collection at the Chowlaggere fee plaza on NH-48 in Karnataka. The contract covers the four-laning section from Hassan (Existing Km. 189+700, Designed Ch. 184+912) to Maranahally (Existing Km. 237+000, Design Ch. 230+060) and was awarded through competitive e-tendering. The work scope includes upkeep and maintenance of adjacent toilet blocks and recouping consumable items.
As reported by Moneycontrol, the contract carries a total consideration of ₹27.16 crore and is for a period of one year. The company is engaged in infrastructure and real estate businesses, with this contract representing a significant addition to their project portfolio. The contract represents a significant addition to Hazoor Multi Projects' highway operations portfolio as reported by Latest Projects, marking their continued expansion in the infrastructure sector.
According to Moneycontrol, shares of Hazoor Multi Projects saw profit booking on Friday, falling 4 percent to ₹27.62 per share on the NSE. The decline aligned with the broader market fall, as the Sensex was down 1,437.47 points or 1.89 percent at 74,596.95, and the Nifty slipped to 23,162.70, down 476.45 points or 2.02 percent. Market breadth showed 743 shares advanced, 3092 shares declined, and 131 shares were unchanged.
