Hazoor Multi Projects Secures Rs 27.15 Cr NHAI Contract For User Fee Collection In Karnataka

Hazoor Multi Projects Ltd (HMPL) has officially announced the receipt of a Letter of Award (LOA) from the National Highways Authority of India (NHAI) via the e-tender bidding method. The contract, which was signed on March 11, 2026, names HMPL as the authorized user fee collection company for a particular section of National Highway 48 (NH-48) in Karnataka.

This contract's main goal is to collect user fees at the Chowlaggere fee plaza, which is situated at Km. 193.020. The four lanes of the highway that run from Hassan (current km. 189+700) to Maranahally (current km. 237+000) are serviced by this plaza.

Apart from collecting tolls, HMPL is responsible for the care and upkeep of nearby toilets, which includes the ongoing recovery of essential consumables. The deal is worth Rs. 27.15 Cr, whereas the execution term for this domestic order is one year. The company confirmed that this acquisition does not qualify as a related party transaction and does not entail any interest from group entities or promoters.

Hazoor Multi Projects Ltd.'s (BOM: 532467) share price is currently at Rs 27.20 as of 2:13 PM IST on March 13, 2026, which is 5.56% less than its previous close. With an intraday high of Rs 29.49 and a low of Rs 26.24, the stock has experienced considerable volatility after opening the session at Rs 28.80. With over 282,173 shares traded thus far today, trading activity is still consistent. The market capitalization of the firm is around Rs 640 crore.

Over the past year, there has been a substantial drop in the stock. On April 16, 2025, it reached a 52-week high of Rs 50.95. However, it then fell sharply to a 52-week low of Rs 26.24 on March 13, 2026, an abrupt drop of almost 48.5% from its peak. The stock is currently trading about 46.6% below its 52-week high at the current market price of Rs 27.20, suggesting that it has not yet recovered the majority of its previous losses. Though it is still close to the lower end of its 52-week range, the current price is around 3.7% higher than the most recent low of Rs 26.24, indicating that the stock has exhibited a slight comeback from its bottom.

Founded in 1992 and headquartered in Mumbai, Hazoor Multi Projects Ltd. (HMPL) is a public construction company that specializes in EPC contracting for infrastructure, especially highway development for NHAI and MSRDC.