Please find enclosed herewith copy of the captioned Media Release for public dissemination and your record.
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Hazoor Multi Projects Ltd (HMPL) announced that its recently acquired subsidiary, Quippo Oil & Gas Infrastructure Ltd, has secured a Rs. 280.1 Crore contract from Oil India Limited, a Maharatna PSU. The contract involves the charter hire of one drilling rig over a 4-year period, with a total estimated value of approximately Rs. 280.08 crore inclusive of 12% GST. This marks HMPL's strategic entry into India's upstream oil and gas services sector, transforming the company from a pure-play road and civil EPC operator into a diversified infrastructure and energy services platform. Quippo brings significant capabilities, including a fleet of 14 advanced drilling rigs (650 HP to 3000 HP), 400+ oilfield professionals, and a track record of executing over 125 wells across India, including the deepest onshore well in Indian history. The order is awarded by a domestic entity, with no promoter or related party interest in Oil India Limited.
This is a meaningful order win that diversifies HMPL into high-barrier, recurring-revenue energy services, likely boosting investor sentiment around the company's growth trajectory. The stock may see positive momentum as the market prices in the strategic shift toward integrated infrastructure and energy services aligned with India's energy security goals.