Construction company receives mega order worth Rs 182,95,03,800.04 from Tata Steel Ltd

Hazoor Multi Projects Limited has secured a significant domestic work order from Tata Steel Limited valued at approximately Rs 182,95,03,800.04 for the comprehensive development of residential colonies at TSSIJ, Bileipada, Joda. The project encompasses the design, engineering, and turnkey execution of G+9 apartment structures, delivering a total of 288 Non-Operational Staff Residential (NOPR) units and 72 Operational Staff Residential (OPR) units. Over a 24-month execution period, the company will manage all facets of Construction, including civil works, electrical systems, fire fighting, and area development, ensuring the high-rise blocks are fully integrated with automated lifts and essential utilities as per Tata Steel's approved architectural schemes.

The company also has undergone a significant corporate restructuring following a shift in its relationship with Vyom Hydrocarbon Private Limited (VHPL). Previously holding a 51 per cent majority stake, HMPL saw its position diluted below the threshold of control after Rs 22.30 crore in Compulsorily Convertible Debentures (CCDs) were converted into VHPL equity shares following a claimed event of default. As a result, VHPL and its subsidiary, Quippo Oil and Gas Infrastructure Limited, are no longer classified as subsidiaries of HMPL under Indian Accounting Standards. HMPL is currently reviewing all relevant statutory documentation to ensure accurate accounting treatment and resolve the legal implications of this dilution as it finalises its consolidated financial results.

About the Company

Hazoor Multi Projects Ltd. (HMPL) is a BSE-listed, diversified infrastructure and engineering company based in Mumbai, with core operations spanning highways, civil EPC works, and shipyard services. It is now in the Oil and Gas Sector. Known for execution excellence and strategic clarity, HMPL has built a solid track record across capital-intensive, nationally significant projects. With a focus on scalable growth, recurring revenues and multi-vertical integration, HMPL is building a future-ready platform at the intersection of infrastructure, energy and industrial technology.

According to the Quarterly Results (Q3FY26), the company reported net sales of Rs 75.97 crore and a net profit of Rs 2.72 crore. In its nine-month results (9MFY26), the company reported net sales of Rs 259.20 crore (an increase of 55 per cent YoY) and a net profit of Rs 12.43 crore (an increase of 57 per cent YoY). Looking at its annual results (FY25), the company reported net sales of Rs 638 crore and a net profit of Rs 40 crore. The company has a market cap of over Rs 790 crore. From Rs 0.34 per share to Rs 34.01 per share, the stock rocketed over 9,900 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.