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Hazoor Multi Projects wins NHAI user fee collection contract worth ₹24.33 crore
The Letter of Award is dated August 10, 2026, and the project is scheduled to be completed within 12 months from commencement.
Hazoor Multi Projects is likely to draw investor attention on Wednesday, August 12, after securing a work order from India’s National Highways Authority of India for user-fee collection services, according to LiveMint Markets.
In an exchange filing after market hours on Tuesday, the company said it received a Letter of Award dated August 10, 2026, for a user-fee collection agency contract awarded through competitive bidding via e-tender.
The contract covers the Ramnagar fee plaza on the Baran-Shivpuri section on NH-27 in Madhya Pradesh, from Km 1251.814 to Km 1305.087, and includes upkeep and maintenance of adjacent toilet blocks, including replenishment of consumable items.
The order value is ₹24.33 crore, with the project scheduled for completion within 12 months from the date of commencement. LiveMint Markets also noted the shares have been under sustained selling pressure since a September 2024 all-time high, falling from ₹63.90 to ₹21.40, a 66% decline.