Hazoor Multi Projects Ltd Shares Surge as Subsidiary Secures Major Project from Oil India
Mumbai: Infra-to-energy company Hazoor Multi Projects Ltd's shares closed higher after its subsidiary, Quippo Oil & Gas Infrastructure Ltd, won a significant contract from Maharatna PSU Oil India.
Hazoor Multi Projects LtdQuippo Oil Gas Infrastructure LtdOil IndiaBseStock MarketReal Estate MumbaiAug 11, 2025
Hazoor Multi Projects Ltd. (HMPL), one of India’s fastest-growing infrastructure and engineering enterprises, is pleased to announce that its recently acquired subsidiary, Quippo Oil & Gas Infrastructure Ltd., has been awarded a contract valued at ₹280.1 crore by Oil India Limited, a Maharatna Public Sector Undertaking (PSU). This significant win underscores the company's growing presence in the energy sector and its commitment to delivering high-quality infrastructure solutions.
The counter started the trading session in the green with a gain of Rs 0.51 and opened at Rs 43.61, up from the previous close of Rs 43.10 on the BSE. The counter gained further to touch the high of Rs 46, a gain of 6.72 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 954.88 crore.
According to BSE Analytics, the stock has delivered nearly 36,700 per cent return to investors. The stock has gained 8.67 per cent in the last one-year period, reflecting strong investor confidence in the company's growth trajectory.
The benchmark BSE Sensex rallied 746 points to close above the 80,000 mark on Monday following buying in oil, auto, and banking shares amid fresh foreign fund inflows. The 30-share Sensex jumped 746.29 points or 0.93 per cent to settle at 80,604.08 with 26 of its constituents ending higher. During the day, it surged 778.26 points or 0.97 per cent to 80,636.05.
The 50-share NSE Nifty jumped by 221.75 points or 0.91 per cent to 24,585.05. Among Sensex firms, Tata Motors, Eternal, Trent, State Bank of India, UltraTech Cement, and Larsen & Toubro were the major gainers. However, Bharat Electronics, Bharti Airtel, and Maruti were the laggards.
This significant project win by Quippo Oil & Gas Infrastructure Ltd not only boosts Hazoor Multi Projects Ltd's financial performance but also strengthens its position in the competitive infrastructure and energy sectors. Investors are optimistic about the company's future prospects, and the market's positive response reflects this sentiment.
Frequently Asked Questions
What is the significance of the project awarded to Quippo Oil & Gas Infrastructure Ltd?
The project awarded to Quippo Oil & Gas Infrastructure Ltd by Oil India is significant as it is valued at ₹280.1 crore and highlights the company’s growing presence in the energy sector. This win also boosts the financial performance and market position of Hazoor Multi Projects Ltd.
How did the stock price of Hazoor Multi Projects Ltd perform on the day of the announcement?
The stock price of Hazoor Multi Projects Ltd started the trading session with a gain of Rs 0.51, opening at Rs 43.61. It further gained to touch a high of Rs 46, representing a 6.72 per cent increase from the previous day's closing price.
What is the market cap of Hazoor Multi Projects Ltd?
The market cap of Hazoor Multi Projects Ltd is 954.88 crore.
How has the stock performed over the last year?
The stock of Hazoor Multi Projects Ltd has gained 8.67 per cent in the last one-year period, according to BSE Analytics. This performance reflects strong investor confidence in the company's growth.
Which sectors saw the most gains in the BSE Sensex?
The sectors that saw the most gains in the BSE Sensex include oil, auto, and banking. These gains were driven by fresh foreign fund inflows and positive market sentiment.
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