We are please to inform you that the Company has been awarded the letter of award from National Highways Authority of India at Balenahalli fee plaza.
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Hazoor Multi Projects Limited has received a Letter of Award from the National Highways Authority of India (NHAI) to act as the user fee collection contractor at Balenahalli fee plaza on NH-150A in Karnataka (Challakere to Hiriyur section). The contract is worth Rs. 44.24 crores and is for a period of one year, also covering upkeep and maintenance of adjacent toilet blocks. The order was won through competitive e-tendering. This is a domestic order with no related party involvement.
This is a meaningful new contract win for the company from a government authority, providing Rs. 44.24 crores in revenue over the next year, which could positively impact earnings and order book visibility for shareholders.