Hazoor Multi Projects Ltd: 233% Return in 2 Years with Strategic Acquisition Update
Shares of Mumbai-based Hazoor Multi Projects Ltd (HMPL) are in focus as the company has formally submitted binding offers to acquire part of Gammon Engineers and Contractors Private Limited (GECPL). This strategic move aims to expand HMPL's presence in the Engineering, Procurement, and Construction (EPC) sector.
Real EstateStock MarketHazoor Multi Projects LtdEngineering And ConstructionMultibagger ReturnReal EstateAug 18, 2025
HMPL views this opportunity as a strategic fit to expand its EPC portfolio and enhance its presence in the infrastructure sector, the company said in an exchange filing.
Share Price Today
The stock started today's trading session in the green at Rs 44.70 against the previous close of Rs 43.62 on the BSE. However, the counter dipped amid profit booking and touched the intraday low of Rs 42.30. Last seen, it was trading at Rs 43.40, with a fall of 0.50 per cent from the closing price of the last trading session. The 52-week high of the stock is Rs 63.90 and the 52-week low is Rs 32. The market cap of the company is Rs 947.24 crore.
Share Price History
According to the BSE Analytics, the stock has given a multibagger return of 233.87 per cent in two years. While it has gained 16.35 per cent in one year, the counter has corrected 18.64 per cent so far this year.
Wins Order From Oil India
Hazoor Multi Projects recently announced that one of its arms has bagged a Rs 280.1 crore order from Oil India Ltd to rent out a drilling rig. The state-owned 'Maharatna' company has given the contract to Quippo Oil and Gas Infrastructure, which was acquired by Hazoor recently.
Earlier, it incorporated a new arm to undertake power and renewable energy projects. The development comes after the company informed about its plans to set up a 500 MW solar project in Andhra Pradesh at an investment of Rs 2,500 crore, last month, and a 1.2 GW capacity solar park in Solapur, Maharashtra in January.
(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
Frequently Asked Questions
What is the current market cap of Hazoor Multi Projects Ltd?
The current market cap of Hazoor Multi Projects Ltd is Rs 947.24 crore.
What is the 52-week high and low of HMPL's stock?
The 52-week high of HMPL's stock is Rs 63.90 and the 52-week low is Rs 32.
What significant acquisition has HMPL announced recently?
HMPL has formally submitted binding offers to acquire part of Gammon Engineers and Contractors Private Limited (GECPL), a subsidiary of Gammon India Limited.
What major order has HMPL recently won?
HMPL has bagged a Rs 280.1 crore order from Oil India Ltd to rent out a drilling rig.
What are HMPL's plans in the renewable energy sector?
HMPL plans to set up a 500 MW solar project in Andhra Pradesh at an investment of Rs 2,500 crore and a 1.2 GW capacity solar park in Solapur, Maharashtra.
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