Hazoor Multi Projects Files Seventh NHAI Contract in Two Months, Totalling ₹77.60 Crore on 10 October
On 10 October 2026, Hazoor Multi Projects Limited (NSE: HAZOOR, BSE: 532467) informed exchanges that it had received a Letter of Award from the National Highways Authority of India (NHAI) for user fee collection at Kannoli and Harval fee plazas (₹49.49 crore) and Gaddurur fee plaza (₹28.10 crore) in Karnataka. The contracts are to be executed over one year, with a combined value of ₹77.60 crore (BSE filing, 10 October 2026).
On 10 October 2026, Hazoor Multi Projects Limited (NSE: HAZOOR, BSE: 532467) informed exchanges that it had received a Letter of Award from the National Highways Authority of India (NHAI) for user fee collection at Kannoli and Harval fee plazas (₹49.49 crore) and Gaddurur fee plaza (₹28.10 crore) in Karnataka. The contracts are to be executed over one year, with a combined value of ₹77.60 crore (BSE filing, 10 October 2026).
This is the seventh NHAI user fee contract the company has disclosed since 11 August 2026. The filing also marks the first multi-plaza NHAI win in the series, with two separate contracts covered in a single announcement.
NHAI contract wins disclosed since 11 August 2026
Each of the following Letters of Award was filed with BSE on the date shown. All carry a one‑year execution period.
- 11 August 2026: Ramnagar fee plaza, NH27, Madhya Pradesh — ₹24.33 crore.
Source: BSE filing dated 11 August 2026.
- 14 August 2026: Thirupapachethi fee plaza, NH‑49, Tamil Nadu — ₹28.47 crore.
Source: BSE filing dated 14 August 2026.
- 15 August 2026: Madangundi Fee Plaza, NH‑31, Jharkhand — ₹28.47 crore.
Source: BSE filing dated 15 August 2026.
- 26 August 2026: Paranur Fee Plaza, NH‑45, Tamil Nadu — ₹193.85 crore.
Source: BSE filing dated 26 August 2026.
- 8 September 2026: H. Pudhupatti fee plaza, NH‑179A, Tamil Nadu — ₹41.98 crore.
Source: BSE filing dated 8 September 2026.
- 10 October 2026: Kannoli & Harval plazas (₹49.49 crore) and Gaddurur plaza (₹28.10 crore), Karnataka — ₹77.60 crore.
Source: BSE filing dated 10 October 2026.
A private construction order also lands in September
On 18 September 2026, Hazoor Multi Projects filed a work order from Emerald Haven Life Spaces 3 Private Limited for RCC Core & Shell works at the PTR Phase 2 residential project in Pallavaram, Chennai. The contract value stated in the filing is ₹207.44 crore. No execution period was disclosed in that filing.
Financial context — from the most recent two quarterly filings
The company’s consolidated Q1FY27 results, filed on 13 August 2026, showed revenue of ₹11,966.38 lakh (down 33.5% year‑on‑year) and a PAT of ₹29.98 lakh (down 97.8%). Depreciation in the quarter was ₹9,087.54 lakh.
Standalone Q4FY26 results, filed on 26 May 2026, reported revenue of ₹14,351.55 lakh (down 36.9% YoY) while PAT rose to ₹1,044.24 lakh (up 67.6%). The filing detailed that other income and depreciation were material items in the period.
Stake sale in a subsidiary
On 22 July 2026, the Board approved the sale of 5,500 equity shares (3.67%) of wholly owned subsidiary Square Port Shipyard Private Limited to Master Financial Services Ltd for a total consideration of ₹1,16,54,500 (₹2,119 per share). The transaction completed on 27 July 2026, reducing the parent’s holding to 96.33%. (BSE filing, 22 July 2026.)
What the filings state about execution timelines ahead
All NHAI user fee collection contracts disclosed since 11 August 2026 carry a one‑year execution period, meaning the work for each plaza runs for twelve months from the award or the commencement date stated in the respective Letter of Award. The RCC work order from Emerald Haven did not include a completion window in the exchange filing. The companies’ stated next steps are the execution of these contracts within the disclosed periods.
Alpha Inflection is research infrastructure, not investment advice. We are not SEBI-registered investment advisers. Everything above is compiled from public corporate filings, with sources cited. Do your own research.
The filing evidence
| Date | What the filing said | Detail | Source |
|---|---|---|---|
| 11 Aug 2026 | Hazoor Multi Projects awarded Rs. 24.33 crore NHAI user fee collection contract for Ramnagar fee plaza in Madhya Pradesh, execution period one year. | Hazoor Multi Projects received a Letter of Award from NHAI for collection of user fee and upkeep of toilet blocks at the Ramnagar fee plaza on NH27 in Madhya Pradesh, with a contract value of Rs. 24.33 crore and execution period of one year. | filing |
| 14 Aug 2026 | Hazoor Multi Projects wins Rs. 28.47 crore NHAI user fee collection contract for Thirupapachethi fee plaza in Tamil Nadu. | Hazoor Multi Projects has received a Letter of Award from NHAI for collection of user fee at Thirupapachethi fee plaza on NH-49 in Tamil Nadu, along with upkeep of toilet blocks, for a one-year period. | filing |
| 15 Aug 2026 | Hazoor Multi Projects wins Rs. 28.47 crore NHAI user fee collection contract for Madangundi Fee Plaza in Jharkhand. | Hazoor Multi Projects received a Letter of Award from NHAI for a one-year contract to collect user fees and maintain toilet blocks at Madangundi Fee Plaza on NH-31 in Jharkhand, valued at Rs. 28.47 crore. | filing |
| 26 Aug 2026 | Hazoor Multi Projects receives Rs. 193.85 crore NHAI user fee collection contract for Paranur Fee Plaza in Tamil Nadu | Hazoor Multi Projects has been awarded a Letter of Award by NHAI for user fee collection and upkeep of toilet blocks at Paranur Fee Plaza on NH-45 in Tamil Nadu, valued at Rs. 193.85 crore, with an execution period of one year. | filing |
| 8 Sept 2026 | Hazoor Multi Projects wins Rs. 41.98 crore NHAI user fee collection contract for H. Pudhupatti fee plaza in Tamil Nadu | Hazoor Multi Projects received a Letter of Award from NHAI for a one-year contract to collect user fees and maintain toilet blocks at H. Pudhupatti fee plaza on NH-179A in Tamil Nadu, valued at Rs. 41.98 crore. | filing |
| 18 Sept 2026 | Hazoor Multi Projects wins Rs. 207.44 crore work order for RCC Core & Shell works at a residential project in Chennai from Emerald Haven Life Spaces 3 Private Limited. | Hazoor Multi Projects received a work order from Emerald Haven Life Spaces 3 Private Limited for RCC Core & Shell works at the PTR Phase 2 residential project in Pallavaram, Chennai, valued at Rs. 207.44 crore. | filing |
| 10 Oct 2026 | Hazoor Multi Projects wins Rs 77.60 crore NHAI user fee collection contracts for three fee plazas in Karnataka with one-year execution period. | Hazoor Multi Projects Limited received a Letter of Award from the National Highways Authority of India (NHAI) for user fee collection at Kannoli and Harval fee plazas (Rs 49.49 crore) and Gaddurur fee plaza (Rs 28.10 crore) in Karnataka, totalling Rs 77.60 crore. The contracts are to be executed over one year. | filing |
| 26 May 2026 | Standalone Q4FY26 revenue declined 36.9% YoY to ₹14,351.55 lakh, but PAT rose 67.6% to ₹1,044.24 lakh driven by a sharp gross margin expansion (65.7% vs 16.6% YoY) and elevated other income; profit quality is weak due to massive depreciation and equity dilution. | filing | |
| 22 Jul 2026 | Hazoor Multi Projects approves sale of 3.67% stake in wholly owned subsidiary Square Port Shipyard Private Limited to Master Financial Services Ltd for Rs 1.16 crore, reducing holding to 96.33%. | The Board of Directors approved the sale/transfer/disposal of 5,500 equity shares (3.67% of equity) of Square Port Shipyard Private Limited, a wholly owned subsidiary, to Master Financial Services Ltd for a total consideration of Rs 1,16,54,500 (Rs 2,119 per share), based on a valuation report dated June 30, 2026. Post-transaction, the subsidiary remains a subsidiary but ceases to be wholly owned (96.33% held). The transaction is expected to be completed on July 27, 2026. | filing |
| 13 Aug 2026 | Consolidated Q1FY27 revenue fell to ₹11,966.38 lakh, down 33.5% YoY, while PAT collapsed to ₹29.98 lakh, down 97.8%, as depreciation surged to ₹9,087.54 lakh and subsidiary-level costs overwhelmed the standalone profit. | filing | |
| 31 Aug 2026 | Hazoor Multi Projects re-appoints Ms. Madhuri Purshottam Bohra as Independent Director and Mr. Pawankumar Nathmal Mallawat as Executive Director for further five-year terms. | The Board of Directors approved the re-appointment of Ms. Madhuri Purshottam Bohra as an Independent Director for a second term from July 19, 2027 to July 18, 2032, and Mr. Pawankumar Nathmal Mallawat as an Executive Director from February 10, 2027 to February 9, 2032, both subject to shareholder approval. | filing |
Quick answers
- What did Haz.Multi Proj. disclose?
- On 10 October 2026, Hazoor Multi Projects Limited (NSE: HAZOOR, BSE: 532467) informed exchanges that it had received a Letter of Award from the National Highways Authority of India (NHAI) for user fee collection at Kannoli and Harval fee plazas (₹49.49 crore) and Gaddurur fee plaza (₹28.10 crore) in Karnataka.
- What are the key numbers?
- On 18 September 2026, Hazoor Multi Projects filed a work order from Emerald Haven Life Spaces 3 Private Limited for RCC Core & Shell works at the PTR Phase 2 residential project in Pallavaram, Chennai. The contract value stated in the filing is ₹207.44 crore. No execution period was disclosed in that filing.
- What does Haz.Multi Proj. say comes next?
- All NHAI user fee collection contracts disclosed since 11 August 2026 carry a one‑year execution period, meaning the work for each plaza runs for twelve months from the award or the commencement date stated in the respective Letter of Award. The RCC work order from Emerald Haven did not include a completion window in the exchange filing.
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