Hazoor Multi Projects Limited (HMPL) has announced its latest achievement in the infrastructure sector, receiving a prestigious Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI). This new project, awarded under Regulation 30 of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulation, 2015, is a significant milestone for the company.

The LOA, which was awarded to Hazoor Multi Projects, involves user fee collection at Bogalur Fee Plaza, located at Kilometer 98.129 on National Highway 9 (NH-9). The section stretches from Madurai through Paramakudi to Ramanathapuram, covering a 2-lane/4-lane road from km 55.000 to km 120.484. In addition to fee collection, Hazoor will be responsible for the upkeep and maintenance of the adjacent toilet blocks, including recouping consumable items.

The awarded contract is valued at Rs. 17.94 crores, and the time period for execution is set to 1 year from the date of appointment. This contract was awarded based on competitive bidding through an e-tender process, showcasing Hazoor's strong position in India's infrastructure development sector. As part of this contract, Hazoor will be handling the management of the fee plaza for domestic entities, confirming its continued commitment to expanding its portfolio within the country.

The letter is part of Hazoor’s ongoing strategy to bolster its operations in infrastructure development, particularly in highway projects. The National Highways Authority of India (NHAI) is a central figure in developing and maintaining the country’s national highways, making this project a prestigious addition to Hazoor’s already impressive portfolio.

The details of the project are encapsulated in Annexure A, attached to the official intimation. As per this annexure, the contract pertains exclusively to domestic projects, and there is no involvement of related-party transactions. Moreover, neither the promoter group nor the group companies have any interest in this particular contract.

The following are key highlights of the contract:

Project Type: User fee collection for Bogalur Fee Plaza, inclusive of maintenance of adjacent facilities.

Awarding Authority: National Highways Authority of India (NHAI).

Project Value: Rs. 17.94 crores.

Contract Duration: The contract will be executed over a period of 1 year from the date of appointment.

For Hazoor Multi Projects Limited, this development comes as a significant boost in its long-term vision of driving forward India’s infrastructure development agenda. By maintaining high operational standards in the collection of user fees and the upkeep of essential amenities, Hazoor will contribute to the seamless functioning of one of Tamil Nadu's most crucial roadways.

This project follows the company's established track record in highway infrastructure management and shows that Hazoor is capable of competing with top-tier contractors in India. The user fee collection project for Bogalur Fee Plaza underscores the company's expertise in managing large-scale infrastructure projects, adding to its array of highway management successes across the nation.

The award of this contract reinforces Hazoor's commitment to expanding its footprint in India's highway infrastructure sector and highlights its ability to secure government-backed projects through competitive bidding. With the National Highways Authority of India (NHAI) backing the project, it is a key indicator of the company's growing prominence in the industry.

Hazoor's latest project will undoubtedly serve as a platform for more ambitious bids and future collaborations with governmental agencies in the infrastructure sector. It will further strengthen the company’s position in the infrastructure market and showcase its capability in handling multi-million-dollar projects efficiently and sustainably.

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