Penny Stock Below Rs 30: Small-Cap Infra Company Bags Rs 24.33 Crore NHAI Contract for Fee Collection in Madhya Pradesh; FII Stake Increases

Om DSIJ/ 11 Aug 2026 /Categories: Mindshare, Trending

Penny Stock Below Rs 30: Small-Cap Infra Company Bags Rs 24.33 Crore NHAI Contract for Fee Collection in Madhya Pradesh; FII Stake Increases

Hazoor Multi Projects has received an LOA from NHAI for collection of user fees at Ramnagar fee plaza on New NH27 in Madhya Pradesh, with the contract valued at Rs 24.33 crore and an execution period of one year

✨ Key Takeaways

Hazoor Multi Projects Ltd has received a Letter of Award from the National Highways Authority of India for collection of user fees at the Ramnagar fee plaza on New NH27 in Madhya Pradesh. The contract, valued at Rs 24.33 crore, also includes upkeep and maintenance of adjacent toilet blocks, with the project scheduled to be executed over a period of one year.

NHAI Awards Rs 24.33 Crore Contract

Hazoor Multi Projects has received an LOA dated August 10, 2026, from NHAI for a user fee collection agency through competitive bidding via e-tender. The contract covers collection of user fees at Ramnagar fee plaza at Km 1280.370 on the Baran-Shivpuri section, from Km 1251.814 to Km 1305.087 on New NH27 in the state of Madhya Pradesh.

The scope of work also includes upkeep and maintenance of adjacent toilet blocks, including recouping of consumable items. The contract has been awarded by a domestic entity and its nature is classified as collection of user fees.

Want to Ride Fast-Moving Market Trends?

Explore DSIJ’s Momentum Pick - a research-driven service focused on fundamentally strong momentum stocks with the potential for short- to medium-term gains.

Download Service Brochure

The total consideration of the contract stands at Rs 24,33,33,090, equivalent to approximately Rs 24.33 crore. The contract is scheduled to be executed over a period of one year. The filing also states that the promoter, promoter group or group companies have no interest in the entity awarding the contract, and the order does not fall under related party transactions.

Shareholding Pattern

The shareholding pattern shows a significant change in ownership over the past few quarters. FII holding increased to 26.45 per cent in June 2026 from 24.29 per cent in March 2026, while promoter holding declined to 13.70 per cent from 14.59 per cent during the same period. DII holding stood at 0 per cent, compared with 0.10 per cent in the previous quarter, while government holding declined to 0.63 per cent from 0.67 per cent. Public shareholding stood at 59.22 per cent in June 2026, compared with 60.37 per cent in March 2026. Overall, FII holding has increased substantially from 5.29 per cent in September 2023 to 26.45 per cent in June 2026, while promoter holding declined from 25.93 per cent to 13.70 per cent over the same period.

Hazoor Multi Projects Share Price

On Tuesday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 112.10 points, or 0.46 per cent, to 24,471.70. Amid the market movement, Hazoor Multi Projects share price rose 0.47 per cent to Rs 21.37 after the company received a Letter of Award from the National Highways Authority of India for collection of user fees at Ramnagar fee plaza on New NH27 in Madhya Pradesh.
Also Read - Anil Goel-Held Small-Cap Stock Jumps 11%; PAT Surges 79% YoY, Company Plans Rs 125 Crore Battery Separator Film Investment

The latest order adds a new NHAI contract to the company's business activity, with the project involving user fee collection and maintenance of associated facilities at the Ramnagar fee plaza on New NH27.