Hazoor Multi Projects Ltd Expands into Mining, Oil, and Gas with Strategic Acquisition
Despite flat cues from the Indian stock market, shares of Hazoor Multi Projects Limited (HMPL) are gaining momentum as the company announces a strategic acquisition to expand into the mining, oil, and gas industry.
Hazoor Multi Projects LimitedStock MarketAcquisitionMiningOil And GasReal Estate NewsJul 04, 2025
HMPL Share Acquisition Detail
The company has informed exchanges that it has acquired 51 per cent equity shares of Vyom Hydrocarbon Private Limited (VHPL), which was incorporated to operate in the oil and gas sector to provide services and onshore drilling. HMPL has acquired 10,200 equity shares for a total consideration of over Rs 1 lakh.
Rationale Behind Acquisition
According to the company, the acquisition of VHPL is aimed at diversifying and expanding its operational footprint. HMPL is targeting to venture into new and high-growth sectors. “VHPL operates in emerging sectors that are aligned with the Company’s long-term strategic objectives and operational strengths. The acquisition is expected to create synergies that support the Company’s growth and diversification plans,” the company said in an exchange filing.
Rs 23 crore project from NHAI
Earlier, infra-to-energy player Hazoor Multi Projects Ltd secured an order worth Rs 23 crore from the National Highways Authority of India (NHAI). The project has been secured through an e-tender process. The value of the awarded project is Rs 22.995 crore. HMPL is involved in renewable energy and road projects, undertaking engineering, procurement, and construction (EPC) work.
This strategic move is expected to bolster HMPL's position in the market and open new avenues for growth and diversification. Investors and analysts are closely watching the company's future performance in these new sectors.
Frequently Asked Questions
What is Hazoor Multi Projects Limited's recent acquisition?
Hazoor Multi Projects Limited (HMPL) has acquired 51 per cent equity shares of Vyom Hydrocarbon Private Limited (VHPL), a company operating in the oil and gas sector to provide services and onshore drilling.
What is the consideration for the acquisition?
The total consideration for the acquisition of 10,200 equity shares of Vyom Hydrocarbon Private Limited is over Rs 1 lakh.
What is the rationale behind HMPL's acquisition of VHPL?
The acquisition is aimed at diversifying and expanding HMPL's operational footprint into new and high-growth sectors, creating synergies that support the company's growth and diversification plans.
What recent project has HMPL secured from NHAI?
HMPL has secured an order worth Rs 23 crore from the National Highways Authority of India (NHAI) for a project secured through an e-tender process.
What sectors is HMPL involved in?
HMPL is involved in renewable energy and road projects, undertaking engineering, procurement, and construction (EPC) work.
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