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Hazoor Multi Projects Ltd (HMPL) reported a new order from the National Highways Authority of India (NHAI). HMPL received a Letter of Award through the e-tender route. The contract was signed on March 11, 2026. It appoints HMPL to collect user fees on a section of National Highway 48 (NH-48) in Karnataka.
The work centres on the Chowlaggere fee plaza at Km. 193.020. The plaza serves the four-lane stretch from Hassan (current km. 189+700) to Maranahally (current km. 237+000). HMPL must also maintain nearby toilets. This includes ongoing recovery of essential consumables. The order value is Rs. 27.15 Cr for one year.
HMPL shares (BOM: 532467) traded at Rs 27.20 at 2:13 PM IST on March 13, 2026. The price was down 5.56% from the previous close. The stock opened at Rs 28.80. It hit an intraday high of Rs 29.49 and a low of Rs 26.24. About 282,173 shares traded, with market capitalisation near Rs 640 crore.
| Metric | Value |
|---|---|
| Price (2:13 PM IST, March 13, 2026) | Rs 27.20 |
| Change vs previous close | -5.56% |
| Open | Rs 28.80 |
| Intraday high | Rs 29.49 |
| Intraday low | Rs 26.24 |
| Volume | 282,173 shares |
| Market capitalisation | About Rs 640 crore |
Over one year, the stock stayed under pressure. It reached a 52-week high of Rs 50.95 on April 16, 2025. It then slid to a 52-week low of Rs 26.24 on March 13, 2026. That is nearly 48.5% below the peak. At Rs 27.20, it was about 46.6% below the high. It was also about 3.7% above the latest low.
HMPL said the order was a domestic contract with a one-year execution term. The company added it was not a related party transaction. HMPL also stated that group entities and promoters had no interest. Founded in 1992, HMPL is headquartered in Mumbai. It operates as a public construction firm. It focuses on EPC work, mainly highway projects for NHAI and MSRDC.
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