Hazoor Multi Projects wins Rs 28.47 cr NHAI fee collection contract
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.7 pts less than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hazoor Multi Projects received a Letter of Award from NHAI for user fee collection at Thirupapachethi fee plaza in Tamil Nadu, covering a 1-year period. The contract is worth Rs. 28.47 crore and includes upkeep and maintenance of adjacent toilet blocks on NH-49. The order was awarded through competitive e-tendering.
Adds a Rs. 28.47 crore government contract to the order book over 1 year, giving revenue visibility. Positive for the company.