Infra Stock in Focus: Hazoor Multi Projects Secures ₹23 Cr NHAI Contract for Toll Collection in UP

Hazoor Multi Projects Limited (HMPL), a micro-cap infrastructure stock, is currently in the spotlight after securing a significant ₹23 crore contract from the National Highways Authority of India (NHAI) for toll collection and maintenance in Uttar Pradesh. The company, known for its diverse portfolio in infrastructure development, real estate projects, and renewable energy, has been awarded the contract to manage the Shrishikalan Fee Plaza on National Highway 76.

With a market capitalization of ₹989.29 crore, HMPL’s shares were trading at ₹46.66 per equity share, down by nearly 1.10 percent from the previous day’s close price of ₹47.18. The company’s recent win is expected to provide a positive impetus to its stock performance.

Hazoor Multi Projects Limited has received a Letter of Award (LOA) from NHAI for the user fee collection and maintenance activities at the Shrishikalan Fee Plaza. The contract includes toll collection, road maintenance, and the upkeep of nearby toilet blocks, including the supply of consumables. The 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, with a total contract value of ₹22.995 crores.

HMPL was established in 1992 and is headquartered in Mumbai, Maharashtra. The company operates primarily in the infrastructure and real estate sectors and is known for its work as an EPC (Engineering, Procurement, and Construction) contractor. HMPL focuses on road construction, real estate development, and renewable energy projects. The company also executes projects using EPC and HAM (Hybrid Annuity Model) models, which include construction and maintenance work under fixed contracts and shared investment plans.

Currently, HMPL is working on several key projects, including the Samruddhi Mahamarg, a major expressway in Maharashtra, and the rehabilitation and upgradation of the Wakan-Pali-Khopoli road. These projects are crucial for the development of the region’s infrastructure.

In terms of financial performance, HMPL’s revenue has shown significant growth, increasing from ₹80.63 crore in Q3 FY24 to ₹164.87 crore in Q3 FY25, marking a 104.48 percent increase. However, the net profit has decreased by 72.33 percent, from ₹9.83 crore in Q3 FY24 to ₹2.72 crore in Q3 FY25. Despite this, the company’s recent contract win is expected to improve its financial health and expand its market presence.

Hazoor Multi Projects Limited’s ability to secure such significant contracts underscores its strong market position and expertise in the infrastructure sector. With a focus on quality and timely execution, HMPL is well-positioned to capitalize on the growing demand for infrastructure development in India.

The company’s recent win is a testament to its capabilities and is expected to enhance its reputation and financial performance. As HMPL continues to execute its projects and explore new opportunities, it is poised to play a pivotal role in the development of India’s infrastructure landscape.