This micro-cap Infra stock, engaged in infrastructure development, real estate projects, renewable energy, and executing road projects through EPC and HAM models across various regions, is in focus after the company secured Rs. 23 crore from the National Highways Authority of India (NHAI) for toll collection and maintenance in Uttar Pradesh.
With a market capitalization of Rs. 989.29 crore, the shares of Hazoor Multi Projects Limited were currently trading at Rs. 46.66 per equity share, down nearly 1.10 percent from its previous day’s close price of Rs. 47.18.
Hazoor Multi Projects Limited has recently received a Letter of Award (LOA) from the National Highways Authority of India (NHAI). The contract involves acting as a user fee collection agency at Shrishikalan Fee Plaza on National Highway 76 in Uttar Pradesh. The work includes toll collection, road maintenance, and upkeep of nearby toilet blocks, including the supply of consumables.
This project, awarded through a domestic e-tender process, covers the stretch from km 178.00 to km 215.00 and will be executed over a period of one year. The total value of the contract is Rs. 22.995 crores.
Hazoor Multi Projects Limited (HMPL) was established in 1992 and is a public company based in Mumbai, Maharashtra, operating primarily in the infrastructure and real estate sectors. The company is known for its work as an EPC (Engineering, Procurement, and Construction) contractor, focusing on road construction and renewable energy projects.
The company is engaged in key activities like building roads and highways, developing real estate, and working on renewable energy projects. It also carries out projects using EPC and HAM models, which include construction and maintenance work under fixed contracts and shared investment plans.
Hazoor Multi Projects Limited is currently working on the Samruddhi Mahamarg, a major expressway in Maharashtra, and the rehabilitation and upgradation of the Wakan-Pali-Khopoli road, both important infrastructure development projects in the state.
Coming into financial highlights, Hazoor Multi Projects Limited’s revenue has increased from Rs. 80.63 crore in Q3 FY24 to Rs. 164.87 crore in Q3 FY25, which has grown by 104.48 percent. The net profit has decreased by 72.33 percent, from Rs. 9.83 crore in Q3 FY24 to Rs. 2.72 crore in Q3 FY25.
Written By – Nikhil Naik
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