We are please to infrom you that the Company has been awarded the letter of award from National Highways Authority of India at krishnagiri Fee Plaza in the state of Tamil Nadu.
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Hazoor Multi Projects Ltd has received a Letter of Award from the National Highways Authority of India (NHAI) for collecting user fees at the Krishnagiri fee plaza in Tamil Nadu, on the Hosur–Krishnagiri section of NH44 (Km 33.130 to Km 93.000). The scope also covers upkeep and maintenance of adjacent toilet blocks. The contract has a value of Rs. 235.43 crore and is for a duration of one year, awarded through competitive bidding. This is a domestic government order and is not a related-party transaction.
This is a sizeable government contract that should significantly boost the company's revenue and order book over the next year. The 1-year term suggests recurring potential if performance is strong, making it a positive catalyst for the stock.