Hazoor Multi Projects has been awarded the Letter of Award (LOA) by the National Highways Authority of India (NHAI) for engaging as the Contractor for collection of user fee at Paranur Fee Plaza at km 52.820 for the section from km 28.000 to km 74.500 (Tambaram-Tindivanam Section) on NH - 45 in the State of Tamil Nadu. According to reports from Business Standard, the project also includes upkeep and maintenance of adjacent toilet blocks, along with recouping consumable items. The order pertains to operating the user fee agency through competitive bidding, as reported by Moneycontrol.
The project is valued at ₹193.85 crore, as reported by Business Standard. This substantial contract award represents a significant business opportunity for Hazoor Multi Projects in the infrastructure and toll collection sector. The company had earlier secured an order worth ₹28.47 crore from state-owned NHAI, demonstrating its continued success in winning major infrastructure projects.
The contract includes comprehensive responsibilities beyond toll collection, extending to the maintenance and upkeep of adjacent toilet blocks and recouping consumable items. As reported by Business Standard, this multi-faceted scope ensures Hazoor Multi Projects will handle both operational and maintenance aspects of the toll plaza infrastructure, providing a comprehensive service solution for NHAI. The company is engaged in renewable energy and construction of road projects on an engineering, procurement and construction (EPC) basis.
Shares of Hazoor Multi Projects Ltd (HMPL) are likely to remain in focus in Thursday's trading session following the latest contract win. The company's shares settled nearly 1 percent higher in the previous session, reflecting positive investor sentiment around the new contract award. The renewable energy and infrastructure company's focus on both traditional construction projects and emerging renewable energy solutions positions it well for continued growth in India's expanding infrastructure sector.
