Hazoor Multi Projects Secures Rs. 44 Crore NHAI Contract
Filing Summary
Hazoor Multi Projects Limited has received a Letter of Award from the National Highways Authority of India. The contract involves user fee collection at Balenahalli fee plaza on NH-150A in Karnataka. The project covers a four-lane section from Challakere to Hiriyur and includes maintenance of adjacent toilet blocks. The contract is valued at Rs. 44 Crore and is set for a one-year duration. This award was secured through competitive bidding. Hazoor Multi Projects will manage the collection and upkeep as per the terms outlined by NHAI.
On February 17, 2026, Hazoor Multi Projects Limited announced the receipt of a Letter of Award from the National Highways Authority of India (NHAI). The award pertains to the collection of user fees at the Balenahalli fee plaza, located at Design Km 397.400 on NH-150A in Karnataka. This section spans from Challakere to Hiriyur, covering Existing Chainage Km. 359.120 to Km. 411.560 and Design Chainage Km. 358.500 to Km. 414.205.
The contract, valued at Rs. 44,23,80,000, involves the collection of user fees and the upkeep and maintenance of adjacent toilet blocks, including the recouping of consumable items. The project duration is set for one year. The contract was awarded through a competitive bidding process conducted via e-tender.
The order is classified as a domestic contract, with no related party transactions involved. There is no interest from the promoter or promoter group in the entity awarding the contract. The terms and conditions of the contract are in compliance with the relevant regulations under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The National Highways Authority of India is responsible for the development, maintenance, and management of national highways across India. It operates under the Ministry of Road Transport and Highways and plays a crucial role in the expansion and modernization of the country’s road infrastructure.
Hazoor Multi Projects Limited is engaged in infrastructure development projects, focusing on road construction and maintenance. The company participates in various government and private sector projects, aiming to enhance transportation infrastructure across India. Hazoor Multi Projects continues to expand its portfolio through strategic contracts and partnerships.