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Hazoor Multi Projects gets NHAI letter of award for toll collection
The NHAI contract is valued at ₹28.47 crore for user fee collection and maintenance of adjacent toilet blocks at Madangundi Fee Plaza in Jharkhand.
Hazoor Multi Projects is set to remain in focus in Monday trading after it said it received a Letter of Award from India’s National Highways Authority of India for work at Madangundi Fee Plaza in Jharkhand, according to a LiveMint Markets brief.
In an exchange filing dated 15 August, the company said the LOA, dated 14 August 2026, covers user fee collection on NH-31 between design chainage Km 0.000 and Km 27.500 under NHDP Phase-IV on EPC mode, along with upkeep and maintenance of adjacent toilet blocks, including recouping consumable items.
The filing also said the broad consideration, or size, of the order is ₹28.47 crore, and that the LOA was awarded through competitive bidding via eTender.
LiveMint Markets noted the stock has been on a weak trend, with shares ending Friday down 3.29% at ₹20.85 on the BSE, and declining 7.58% over the week and 12% over the month. The outlet also highlighted that in Q1 FY27 the company reported revenue growth on both standalone and consolidated bases, while profits fell sharply year over year.