Dear Sir/Madam, We are pleased to inform you that work order has been awarded to the Company from National Highways Authority of India for acting as fee collection agency at Shrishikalan ....
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Hazoor Multi Projects has received a Letter of Award from the National Highways Authority of India (NHAI) to act as a user fee collection agency at the Shrishikalan Fee Plaza on NH-76 in the Kabarai-Banda section of Uttar Pradesh. The contract involves toll collection through e-tender along with upkeep and maintenance of adjacent toilet blocks. The total value of the awarded project is Rs. 22.995 Crores, with an execution period of 1 year. The order is domestic, not a related party transaction, and was disclosed under SEBI LODR Regulation 30.
This is a positive development as it adds Rs. 22.995 Crores in government-backed revenue with a 1-year execution window, strengthening order book visibility. For a small-cap company, a NHAI contract lends credibility and may support the stock sentiment in the short term.