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
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.
The total consideration for the acquisition of 10,200 equity shares of Vyom Hydrocarbon Private Limited is over Rs 1 lakh.
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.
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.
HMPL is involved in renewable energy and road projects, undertaking engineering, procurement, and construction (EPC) work.
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