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Hazoor Multi Projects Ltd

Hazoor Multi Projects hits the roof on bagging road project

Nov 24,2023 Hrs IST

The work has been awarded to Hazoor Infra Projects, which is a wholly owned subsidiary of Hazoor Multi Projects and the new concessionaire for the project.

The project, valued at approximately Rs 1,129.81 crore, is set to be executed on a Hybrid Annuity Mode in Ratnagiri district under NHDP-IV. It involves the construction of four lanes and encompasses projected annuities, interest on annuities, and operation and maintenance costs. The projected value includes Rs 523.45 crore for annuities, Rs 463.16 crore for interest on annuities, and Rs 143.20 crore for operation and maintenance (O&M) costs.

Hazoor Multi Projects' current market capitalisation is Rs 229.97 crore on the BSE.

Hazoor Multi Projects is engaged in the business of real estate and road construction. Its net profit rose 45.77% to Rs 13.79 crore while net sales declined 40.72% to Rs 112.25 crore in Q2 September 2023 over Q2 September 2022.

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