Hazoor Multi Projects Secures NHAI Toll Collection Contracts in Maharashtra and Tamil Nadu

The National Highways Authority of India has issued two Letters of Award to Hazoor Multi Projects Limited for toll collection and facility upkeep on key national highway sections in Maharashtra and Tamil Nadu. Together, the one-year domestic contracts carry a combined project value of about Rs 277.39 crore.

The awards appoint Hazoor Multi Projects as user fee collection agency at the Ankadhal fee plaza on NH-166 in Maharashtra and the Krishnagiri fee plaza on NH44 in Tamil Nadu. Both contracts arise from competitive e-tender processes and also include maintenance of nearby restroom blocks, along with consumable replenishment.

The Ankadhal fee plaza contract covers operations at Km 274.800 on the Sangli-Solapur stretch of NH-166. The section spans the four-lane corridor from design Km 182.556 to Km 378.100 in the Union Territory of Maharashtra. This one-year arrangement has a total project value of Rs 41.97 crore, including restroom maintenance responsibilities.

Under the Tamil Nadu mandate, Hazoor Multi Projects will run user fee collection at the Krishnagiri fee plaza located at Km 87.500 on the Hosur-Krishnagiri segment of NH44, earlier known as NH-7. The scope extends across the highway section from Km 33.130 to Km 93. The one-year domestic contract carries total consideration of Rs 235.42 crore.

For both highway stretches, the scope extends beyond toll collection and consumable replacement to cover upkeep and repair of adjacent restroom blocks. Hazoor Multi Projects stated that the authority awarding these projects has no promoter or promoter-group interest in the company and that the contracts do not constitute related-party transactions. Management views these mandates as strengthening its infrastructure services portfolio.

For the fiscal year 2024-2025, Hazoor Multi Projects Ltd. has declared a final dividend of ₹0.20 per share, representing 20% of the face value of Re 1. Shareholders approved this dividend at the Annual General Meeting held on September 29, 2025. The payment applies to investors holding shares on or before the September 22, 2025 record date.

The company reported a weak Q2 FY2026, which ended in September 2025, marked by a sharp revenue decline and a swing into losses. Hazoor Multi Projects posted revenue of about Rs 102 crore, nearly 33% lower year-on-year. The period closed with a net loss of around Rs 9.9 crore, compared with profit in the same quarter last year.

Metric	Period	Figure
Revenue	Q2 FY2026 (ending September 2025)	~Rs 102 crore
Revenue change	Year-on-year	Down nearly 33%
Net profit / loss	Q2 FY2026	~Rs 9.9 crore loss
Contract value – Ankadhal fee plaza	One-year NHAI contract	Rs 41.97 crore
Contract value – Krishnagiri fee plaza	One-year NHAI contract	Rs 235.42 crore

As of December 6, 2025, Hazoor Multi Projects Ltd.’s share price on the BSE is around Rs 38.33. The stock gained almost 1.48% in the latest trading session. Over the last six months, the share price has fallen by about 13%, and it is down more than 31% over one year.

Founded in 1992, Hazoor Multi Projects Ltd. operates in infrastructure development, focusing on road construction and real estate projects. The new NHAI toll collection mandates provide additional revenue visibility at a time of pressure on quarterly earnings and share performance, and they underline the company’s continued participation in national highway projects.