We wish to inform you that the company has been awarded the letter of award from National Highways Authority of India.
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Hazoor Multi Projects Ltd has been awarded a Letter of Award by the National Highways Authority of India (NHAI) for collecting user fee at the Ankadhal Fee Plaza on the Sangli-Solapur section of NH-166 in Maharashtra. The scope also includes upkeep and maintenance of adjacent toilet blocks. The contract is for a period of one year, won through competitive e-tendering, with a total contract value of approximately Rs. 41.98 crore. The order has been awarded by a domestic government entity and is not a related-party transaction.
This is a meaningful government contract win worth ~Rs 42 crore for a one-year toll collection project, which should boost the company's near-term revenue visibility. However, since it is a single one-year contract, investors should assess how much of the company's total revenue it represents to gauge the actual impact on earnings.