Hazoor Multi Projects Stock Soars on Major NHAI Contract Win
Shares of Hazoor Multi Projects Limited (HMPL) witnessed a significant surge during Wednesday's trading session, climbing nearly 10% after the small-cap company announced a substantial contract win. The positive market sentiment was driven by the firm securing a prestigious project from the National Highways Authority of India (NHAI), highlighting its growing expertise in the infrastructure sector.
Contract Details and Strategic Importance
Hazoor Multi Projects has been officially designated as the operating agency for user fee and toll collection at the Rampura Toll Plaza. This crucial infrastructure is located on NH 5488, specifically the Vijayapur-Sankeshwar section in the state of Karnataka. The company secured this valuable contract, worth ₹13.87 crore, through a highly competitive e-tendering process conducted by the NHAI.
The scope of the awarded contract is comprehensive. It goes beyond mere toll collection and also includes the responsibility for maintaining the associated toilet facilities, ensuring a complete service package for travelers. The company formally disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, underscoring its commitment to transparency and robust corporate governance. HMPL has expressed that this project is expected to not only enhance regional infrastructure but also significantly bolster its own operational capabilities.
Capital Infusion and Financial Snapshot
In a parallel development, Hazoor Multi Projects has successfully completed a capital infusion. The Fund-Raising Committee of the company authorized the issuance of 1 million equity shares, each with a face value of Re 1, at a price of ₹30 per share. These shares were allotted to non-promoter and public investor Kumar Agrawal.
This issuance followed the conversion of 100,000 warrants after the company received the remaining subscription amount of ₹22.5 million. Following this capital raise and adjusting for a previous 1:10 stock split, the company's current issued and paid-up capital stands at 234.33991 million equity shares of Re 1 each. The newly issued shares will enjoy the same rights and rank equally with the existing equity shares of the company.
Recent financial results provide a view of the company's performance. For the second quarter of FY26, HMPL reported net sales of ₹102 crore alongside a net loss of ₹9,930 crore. Looking at the first half of FY26, the company recorded cumulative net sales of ₹282.13 crore and a net profit of ₹3,860 crore. For the full fiscal year 2025 (FY25), Hazoor Multi Projects achieved net sales of ₹638 crore and a substantial net profit of ₹40,000 crore.
Market Performance and Company Profile
The market response to these announcements was decisively positive. The Hazoor Multi Projects share price today opened at ₹35 apiece on the BSE. During the session, the small-cap stock reached an intraday high of ₹38 per share and an intraday low of ₹34.60. Ultimately, the stock settled, closing 8.92% higher at ₹37.60.
Founded in Mumbai and listed on the BSE, Hazoor Multi Projects specializes in highways, civil EPC works, and shipyard services. The company has also strategically ventured into the oil and gas industry. Recognized for its strong execution capabilities, HMPL is actively developing a scalable, multi-vertical platform that spans the critical sectors of infrastructure, energy, and industrial technology.
