Hazoor Multi Projects Wins Two NHAI Contracts Worth Over ₹77 Crore for Highway Infrastructure Works

Hazoor Multi Projects Announces Two NHAI Contract Wins

Hazoor Multi Projects Limited has secured two contracts from the National Highways Authority of India (NHAI) with a combined value exceeding ₹77 crore, strengthening the company's presence in India's highway infrastructure development sector.

The contracts represent additional business opportunities for the infrastructure company and could contribute to its future revenue as the awarded works progress through execution.

NHAI is responsible for developing, maintaining and managing national highway infrastructure under the Ministry of Road Transport and Highways.

Contract awards from the authority provide construction and infrastructure companies with opportunities to participate in publicly funded road development and maintenance activities.

For Hazoor Multi Projects, the latest orders add to its highway-related business pipeline at a time when road connectivity and transport infrastructure remain important areas of public investment.

The financial contribution from the contracts will depend on their execution schedules, contractual terms, project costs and the company's ability to complete the assigned work.

NHAI Awards Contracts Worth ₹77.60 Crore for Toll Collection in Karnataka

Hazoor Multi Projects received Letters of Award from NHAI on October 9, 2026, for user fee collection at three toll plazas in Karnataka.

The contracts were awarded through a competitive electronic tendering process and carry a combined value of ₹77,59,60,800, or approximately ₹77.60 crore.

The company disclosed the awards to the stock exchanges on October 10 and subsequently submitted a revised disclosure on October 12 to correct typographical errors relating to one of the contracts.

Importantly, the newly awarded contracts concern toll collection and associated facility maintenance, rather than the construction of new highways.

Both contracts have an execution period of one year.

Details of Hazoor Multi Projects' Two NHAI Contracts

The first contract accounts for approximately 64% of the combined award value, while the second represents the remaining 36%.

Both agreements include upkeep and maintenance of adjacent toilet facilities, along with replenishment of consumable items.

₹49.49 Crore Contract Covers Kannoli and Harval Fee Plazas

The larger contract, valued at ₹49,49,40,000, covers user fee collection at the Kannoli and Harval fee plazas.

These plazas are located along the Bijapur–Gulbarga–Homnabad section of NH-218, now designated NH-50, in Karnataka.

The contract relates to a highway section extending from kilometre 195 to kilometre 418.

Hazoor Multi Projects will be responsible for collecting user fees at the designated plazas and maintaining associated public convenience facilities.

The contract provides the company with an additional highway operations assignment for a one-year period.

Successful execution will depend on adherence to NHAI's operational requirements, collection procedures and maintenance standards.

₹28.10 Crore Contract Awarded for Gaddurur Fee Plaza

The second contract, valued at ₹28,10,20,800, concerns the Gaddurur (Nangli) Fee Plaza on NH-75 in Karnataka.

The toll plaza is situated along the Mulbagilu–Andhra Pradesh/Karnataka border section of the highway.

The contract covers user fee collection and maintenance of adjacent toilet blocks, including replenishment of necessary consumables.

The award was made through NHAI's competitive electronic tendering process.

Hazoor Multi Projects submitted a revised stock exchange disclosure on October 12 concerning this contract, correcting typographical errors in the earlier announcement.

The revised disclosure did not change the fundamental nature of the assignment as a one-year user fee collection contract.

One-Year Contracts Expand Highway Operations Portfolio

The two contracts provide Hazoor Multi Projects with additional assignments in highway operations and maintenance.

Unlike engineering, procurement and construction contracts, which involve developing physical infrastructure, toll collection contracts focus on operating existing highway revenue collection facilities.

Such assignments generally require personnel deployment, cash and electronic transaction management, operational monitoring and compliance with contractual conditions.

Maintenance obligations can also include ensuring that specified roadside facilities remain functional and adequately supplied.

For Hazoor Multi Projects, the awards strengthen its participation in highway-related services beyond its construction activities.

However, the reported contract values should not automatically be interpreted as net profit or guaranteed revenue. The financial outcome will depend on the specific contractual arrangement, collection performance, payments and operating expenses.

NHAI Contracts Awarded Through Competitive E-Tendering

NHAI awarded both contracts through a competitive electronic tendering process.

Electronic tendering allows eligible bidders to submit proposals through a structured procurement system.

The process is intended to support transparency, competition and standardised evaluation of bids.

For toll collection assignments, bidding terms may address contractual consideration, collection responsibilities, operational standards and other performance obligations.

Hazoor Multi Projects confirmed that the awarding authority is a domestic entity.

The company also stated that neither its promoter group nor related parties have an interest in the awarding authority and that the contracts do not constitute related-party transactions.

These disclosures form part of the company's obligations under applicable stock exchange regulations.

Hazoor Multi Projects Expands Its NHAI Contract Portfolio

The latest contracts follow other highway-related orders secured by Hazoor Multi Projects in recent months.

In August 2026, the company received an NHAI contract valued at approximately ₹28.47 crore for user fee collection at the Madangundi Fee Plaza in Jharkhand.

Another NHAI toll collection order worth approximately ₹42 crore followed in September.

The October awards indicate continuing participation in NHAI's competitive procurement process.

Repeated contract wins can help companies build experience in operating toll plazas and managing highway service requirements.

However, each contract has its own financial terms, execution obligations and operating risks.

The addition of new assignments does not necessarily guarantee an improvement in profitability.

Company Also Operates in Infrastructure Construction and Energy

Hazoor Multi Projects operates across infrastructure development and energy-related businesses.

Its activities include engineering, procurement and construction projects, road infrastructure assignments and renewable energy initiatives.

The company has also undertaken projects outside the highway sector.

In September 2026, Hazoor Multi Projects disclosed a work order valued at approximately ₹207.44 crore from Emerald Haven Life Spaces 3 Private Limited.

The contract involved reinforced cement concrete core and shell construction work for a residential development in Pallavaram, Chennai.

These activities demonstrate the company's involvement in different infrastructure-related segments.

The latest NHAI awards add highway operations assignments to this broader portfolio.

Toll Collection Contracts Have Different Financial Characteristics From Construction Projects

The distinction between toll collection and highway construction is important for evaluating the new orders.

Construction projects generally involve substantial expenditure on materials, equipment, subcontractors and engineering services.

Toll collection contracts have a different operating structure, involving user fee administration, personnel, technology and contractual financial commitments.

Depending on the agreement, the operator may be exposed to variations in traffic volumes and actual toll collections.

Operating costs, collection efficiency and compliance obligations can influence the financial outcome.

The announced contract values therefore do not provide enough information to calculate expected profit margins.

Investors will need to assess future financial disclosures to determine how the new assignments contribute to the company's results.

India's Highway Network Creates Demand for Toll Operations

India's expanding national highway network requires ongoing operation and maintenance of toll collection infrastructure.

As additional road sections become operational, authorities require systems for collecting user fees and maintaining facilities used by motorists.

Electronic toll collection has become an important part of highway operations, with FASTag enabling digital payment of toll charges.

However, the operation of toll plazas continues to require monitoring, transaction reconciliation, equipment maintenance and customer assistance.

Specialised contractors play a role in supporting these activities.

The latest NHAI awards demonstrate opportunities available to companies participating in highway operations and related services.

Demand for such services will depend on the highway network, procurement activity and the operational models adopted by NHAI.

What the ₹77.60 Crore Orders Mean for Hazoor Multi Projects

The new contracts increase the value of assignments awarded to Hazoor Multi Projects and provide visibility into work scheduled over the coming year.

Their financial significance will depend on how contractual obligations are fulfilled and accounted for.

The combined award value represents approximately ₹77.60 crore, but this amount should not be equated directly with earnings.

The company will incur expenses associated with operating the fee plazas and maintaining the specified facilities.

Contract performance will also depend on meeting NHAI's requirements and managing the associated operational responsibilities.

For investors, the awards are evidence of additional business activity rather than confirmation of a particular level of future profitability.

Investors Assess New Orders Alongside Financial Performance

Hazoor Multi Projects' recent order announcements come amid fluctuations in its financial performance.

For Q1 FY27, the company reported consolidated revenue of approximately ₹119.66 crore, representing a year-on-year decline of about 33.5%.

Consolidated profit after tax was approximately ₹29.98 lakh, substantially below the corresponding period of the previous year.

These results highlight the importance of distinguishing contract wins from realised financial performance.

New orders may support future business activity, but profitability depends on execution costs, contract economics, operating efficiency and other financial factors.

Investors will monitor whether the company's growing portfolio of assignments translates into stronger revenue, cash flow and earnings.

Hazoor Multi Projects Shares React to NHAI Order Announcement

Shares of Hazoor Multi Projects attracted market attention following the disclosure of the NHAI contracts.

On October 12, 2026, the stock traded as high as approximately ₹16.90 during the session.

Market reports indicated that the shares were trading around ₹16.85 during afternoon dealings, up approximately 3.6% from the previous closing price.

Share price movements can reflect multiple factors, including corporate announcements, trading volumes and broader market conditions.

The response to the contract announcement should therefore not be treated as evidence of the orders' eventual financial returns.

Future stock performance will depend on the company's operating results, financial position and market expectations.

Key Developments to Monitor

The next stage for Hazoor Multi Projects will involve execution of the two NHAI contracts over their respective one-year periods.

Operational performance at the Kannoli, Harval and Gaddurur toll plazas will be important.

Investors will also monitor the company's ability to manage expenses and meet maintenance obligations.

Other relevant factors include additional contract wins, working capital requirements and the contribution of existing infrastructure projects.

The company's upcoming financial statements may provide greater clarity on how the new highway assignments affect its revenue and profitability.

Because toll collection contracts differ from conventional construction orders, understanding the commercial structure will be particularly important.

Conclusion

Hazoor Multi Projects' two NHAI contracts, valued at approximately ₹77.60 crore, strengthen the company's presence in highway toll collection and related infrastructure services.

The larger ₹49.49 crore contract covers the Kannoli and Harval fee plazas on NH-50 in Karnataka, while the ₹28.10 crore contract relates to the Gaddurur Fee Plaza on NH-75.

Both assignments were awarded through competitive electronic tendering and carry one-year execution periods.

The contracts also include maintenance of adjacent public convenience facilities.

The awards provide additional business opportunities and extend the company's highway operations portfolio.

However, the eventual financial contribution will depend on contractual economics, collection performance, operating expenses and successful execution.

For investors, the key consideration will be whether the company's expanding order portfolio translates into sustainable earnings and stronger cash flow.