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Hazoor Multi Projects wins NHAI user-fee collection contract
The letter of award dated September 7, 2026 covers operations at the Pudhupatti fee plaza on NH-179A, with an order value of ₹42 crore and a 12-month completion timeline.
Hazoor Multi Projects said it has received a Letter of Award from the National Highways Authority of India for a user-fee collection agency contract, in an exchange filing after market hours on Tuesday.
The award, dated September 7, 2026, was made through a competitive bidding process via e-tender, and it includes services covering the Pudhupatti fee plaza at Km 39.760 of the Salem-Vayembadi section on NH-179A in Tamil Nadu, from Km 36.000 to Km 80.000.
The contract also covers upkeep and maintenance of adjacent toilet blocks, including replenishment of consumable items. The company said the project is scheduled to be completed within 12 months from commencement, and the order value is ₹42 crore.
Despite the new contract, the stock has been under sustained selling pressure since hitting a fresh all-time high in September 2024, according to the filing. The shares have fallen about 69% from ₹63.90 to around ₹20, and the article notes the stock has declined further in 2026, down roughly 40% so far, after ending CY25 with a 33% drop, citing LiveMint Markets.