CORPORATE
Hazoor Multi Projects bags NHAI’s Rs 67.16-crore contract in Karnataka
- IBJ Bureau
- Feb 09, 2025
Hazoor Multi Projects Ltd (BSE: 532467), a leader in engineering, procurement and construction (EPC) contracting services, has announced that Letter of Acceptance (LoA) has been awarded to the company from the National Highways Authority of India (NHAI) for acting as user fee collection agency on the basis of competitive bidding through e-tender at Hulikunte Fee Plaza at Ch.12.300 for use of four-laning from km 0.00 to km 42.00 of Dobaspet to Dodaballapur Bypass section of NH 648 (old NH-207) in Karnataka. The value of the awarded project is Rs 67.16 crore.
Earlier, the company had announced that its board had given an in-principle approval for merger of Square Port Shipyard Private Limited with the company, i.e., Hazoor Multi Projects Limited, with a view to combine the strengths and synergies of both the businesses and in the better interest of all the stakeholders.
Hazoor stands at the forefront of India’s rapidly-evolving infrastructure landscape, having strategically ventured into development of a business vertical dedicated to providing high-quality and reliable EPC contracting services. Responding to the escalating demand in the nation-building process, Hazoor has swiftly emerged as a key player in the industry.
Over the past few years, Hazoor has achieved remarkable milestones by successfully undertaking leading projects for Maharashtra State Road Development Corporation (MSRDC), utilising both EPC and Hybrid Annuity Model (HAM) execution methods. Notably, the successful completion of the Wakan Pali highway in 2019, despite the challenges posed by the COVID-19 pandemic, marked a pivotal moment for HMPL. The company further solidified its presence by taking on Package 11 of the prestigious Samruddhi Expressway and contributing to the NH 48 highway project, demonstrating a commitment to excellence in project execution.
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