Hazoor Multi Projects Limited secures NHAI award for Balenahalli Fee Plaza toll operations

Hazoor Multi Projects Limited has reported a new order from the National Highways Authority of India. The company received a Letter of Award for operating the Balenahalli Fee Plaza, with contract value of Rs 44,23,80,000. BSE Limited was informed of this development on February 17, 2026.

The Balenahalli Fee Plaza lies on the four-lane stretch between Challakere and Hiriyur in Karnataka. It is located at Design Km 397.400 on NH-150A. This section spans from Existing Chainage Km 359.120 to Km 411.560, corresponding to Design Chainage Km 358.500 to Km 414.205.

The scope of work places Hazoor Multi Projects Limited as the user fee collection agency at Balenahalli. The mandate covers toll operations and upkeep of associated facilities for one year from commencement. Responsibilities also include maintaining toilet blocks near the plaza and replenishing consumable supplies for highway users.

According to the regulatory filing, the project was awarded through an e-tender process and competitive bidding. The contract is fully domestic and has been granted by NHAI. The engagement focuses on toll management and related maintenance services, further broadening Hazoor Multi Projects Limited’s capabilities in highway operations.

The new order adds to earlier NHAI highway toll projects secured in Q3 FY26. Hazoor Multi Projects Limited had then won the Krishnagiri Plaza order on NH-44, valued at Rs 235.43 crore. The Ankadhol Plaza order on NH-166, valued at Rs 41.98 crore, took the combined figure to Rs 277.40 crore.

Project	Type	Location	Value (Rs crore)	Timeline
Balenahalli Fee Plaza	Toll collection and maintenance	NH-150A, Karnataka	44.24	One year from start date
Krishnagiri Plaza	Toll project	NH-44	235.43	Q3 FY26 award
Ankadhol Plaza	Toll project	NH-166	41.98	Q3 FY26 award
200 MW Solar Plant	Solar infrastructure	Gujarat	913.00	Completion by March 2026

Beyond highways, Hazoor Multi Projects Limited has a large renewable contract with Apollo Green Energy. The company secured a Rs 913 crore order for a 200 MW solar power plant in Gujarat. The project is scheduled for completion by March 2026, adding diversification to the order pipeline.

As of the beginning of FY26, the firm’s estimated cumulative order book stood at about Rs 1,200 crore. The main contributors were major roadway assignments and the Gujarat solar project. Management expects these contracts to support revenue visibility over the next one to two years.

Equity investors tracked the fresh NHAI award along with earlier wins. The share price of Hazoor Multi Projects Limited (BSE: 532467) stood at Rs 35.49 at 11:27 AM IST on February 17, 2026. This marked a 0.62% rise from the previous close of Rs 35.27.

Operational performance has also improved alongside the expanding order book. The company reported net profit of Rs 6.46 crore for the quarter ended December 2025. This represented a 137.5% increase compared with the same quarter a year earlier.

Hazoor Multi Projects Limited has stated that promoters, promoter group entities, and group companies have no interest in NHAI. The award does not qualify as a related party transaction under applicable rules. As a result, issues concerning arm’s length pricing are not relevant for this contract.

With the Balenahalli road toll mandate, Hazoor Multi Projects Limited deepens its presence in highway services. Recent NHAI toll contracts and the large solar assignment in Gujarat support a healthy order book. Stronger earnings in December 2025 underline the financial impact of these infrastructure and energy projects.