Hazoor wins ₹41.98 crore NHAI toll deal in 2026

Deal announcement at a glance

Hazoor Multi Projects Limited has secured a confirmed Letter of Award (LOA) worth ₹41.98 crore from the National Highways Authority of India (NHAI). The mandate appoints the company as a user fee collection agency at the H. Pudhupatti fee plaza in Tamil Nadu. The award adds to a series of NHAI-linked toll collection and related maintenance contracts that the company has disclosed in recent weeks. The project is positioned as an executable contract, with the LOA already received. Hazoor Multi Projects is listed as HAZOOR.NSE in the provided context. The development is relevant for investors tracking the company’s order flow, particularly in toll operations. It also highlights the company’s presence across multiple states through highway fee plaza assignments.

What Hazoor has been awarded

As per the details provided, the contract relates to the H. Pudhupatti fee plaza located at Km 39.760 on NH-179A in Tamil Nadu. NHAI is the awarding entity. Hazoor Multi Projects has been designated as the user fee collection agency for this fee plaza. The stated value of the LOA is ₹41.98 crore. The award is described as confirmed and executable. The company received the formal LOA on September 8, 2026.

Scope of work: fee collection plus upkeep

The scope of the H. Pudhupatti assignment includes collection of user fees at the fee plaza. In addition, the company is responsible for maintaining adjacent toilet blocks. These auxiliary maintenance obligations are consistent with other NHAI fee plaza contracts referenced in the provided material. The defined execution timeline for this contract is one year. The inclusion of upkeep and maintenance work means the contract is not limited to toll collection alone. The described scope focuses on operating responsibilities at and around the fee plaza. No separate break-up of collection versus maintenance value was provided.

Key dates and confirmation status

The LOA for the H. Pudhupatti fee plaza contract was received on September 8, 2026. The text explicitly notes that this indicates a confirmed and executable contract. This matters because an LOA typically signals formal award and readiness to commence work under specified terms. In earlier disclosures referenced in the same material, Hazoor Multi Projects has also cited LOA receipt dates for other projects, indicating a pattern of exchange filings around award confirmations. For this contract, the one-year execution period is clearly stated. The available information does not specify the start date of operations beyond LOA receipt.

Company profile mentioned in the update

Hazoor Multi Projects Limited is described as being incorporated in 1992. Its office is in Mumbai. The company is noted to specialise in Infrastructure and Real Estate. Separately, the provided context also refers to Hazoor as an “infra-to-energy player”, but without additional operational or segment details. No further financial statements were provided in the core H. Pudhupatti highlight beyond contract value and tenure. The broader compilation includes references to profitability and market capitalisation, which provide context for how these contracts may be viewed by investors.

Recent NHAI-related orders cited alongside this award

The same compilation lists several other NHAI contracts associated with Hazoor Multi Projects. One item states Hazoor Multi Projects “wins ₹193.85 crore NHAI order for Paranur plaza 10 days ago,” and separately describes a Letter of Award received for engaging as user fee agency at Paranur Fee Plaza at 52.82 km on NH-45 in Tamil Nadu. That Paranur contract is valued at ₹193.85 crore and has a 12-month tenure, with maintenance of adjacent building infrastructure also included. The company is also cited as having been awarded a ₹271.56 crore NHAI contract for user fee collection services at the Chowlaggere fee plaza on NH-48 in Karnataka. In another entry, Hazoor is described as having bagged two NHAI work orders worth around ₹277 crore through an e-tender process for fee plaza sections in Tamil Nadu and Maharashtra, including upkeep or maintenance of adjacent blocks.

Other disclosed work orders and project mentions

Beyond the larger orders, the compilation includes smaller NHAI awards with specific LOA dates. Hazoor Multi Projects is said to have received an LOA on August 14, 2026 for a ₹28.47 crore contract for the Madangundi Fee Plaza on NH-31 in Jharkhand, covering user fee collection and care and maintenance of toilet blocks along with consumables. Another disclosure mentions a ₹24.33 crore NHAI contract for Ramnagar Fee Plaza on New NH-27 in Madhya Pradesh, with an LOA dated August 10, 2026, including toll collection and upkeep and maintenance of nearby toilet blocks and consumables. Separately, Hazoor Multi Projects is reported to have won a ₹102 crore contract from Venkatesh Infra Projects for steel works related to the Versova Bandra Sea Link project in Mumbai, covering reinforcement steel cutting, bending, fixing, and fabrication of structural steel.

Market and financial context cited in the compilation

The provided material notes that a ₹193 crore order was described as a substantial portion of Hazoor Multi Projects’ market capitalisation of ₹460 crore. A separate excerpt also states that the company’s Q1 FY27 net profit fell 97.82%, presented as a point of investor concern alongside the order win. Another mention says Hazoor Multi Projects share price rose nearly 10% after winning a contract from NHAI for toll collection at Rampura Toll Plaza in Karnataka, though the contract value and date are not provided in the text. These references indicate that order announcements have coincided with heightened market attention in recent periods. However, only the figures explicitly stated above are available for factual linkage.

Key facts table: latest and recent orders mentioned

Market impact: what this adds to the order pipeline

The ₹41.98 crore H. Pudhupatti LOA adds another one-year toll-linked operations contract to Hazoor Multi Projects’ disclosed set of highway fee plaza engagements. The compilation shows multiple awards across Tamil Nadu, Karnataka, Jharkhand, and Madhya Pradesh, suggesting repeated participation in e-tender processes and a focus on user fee collection mandates. Because the LOA is explicitly described as confirmed and executable, it strengthens near-term visibility on this specific assignment’s start and delivery expectations. The scope also includes maintenance of adjacent toilet blocks, a recurring operational obligation across several referenced contracts. From an investor perspective, the key measurable takeaway in this update is the contract value and tenure, rather than any stated margin or revenue recognition schedule. No additional financial guidance is provided in the text.

Analysis: why the H. Pudhupatti LOA matters

This LOA is smaller than some of the other NHAI awards cited, such as the ₹193.85 crore Paranur contract and the ₹271.56 crore Chowlaggere assignment, but it continues a sequence of NHAI work orders referenced in the same period. The broader list indicates that Hazoor Multi Projects has been active in toll collection and related facility upkeep contracts, often tied to a defined one-year tenure. The presence of LOA dates in several entries also points to a disclosure pattern anchored in formal award milestones. The cited market-cap comparison for a separate ₹193 crore order and the cited 97.82% Q1 FY27 net profit decline illustrate why investors may weigh order wins against recent financial performance. Still, the H. Pudhupatti update itself is strictly about the confirmed award, location, value, and scope.

Conclusion

Hazoor Multi Projects’ ₹41.98 crore LOA from NHAI for the H. Pudhupatti fee plaza in Tamil Nadu adds another confirmed one-year user fee collection mandate with associated maintenance responsibilities. The LOA receipt date of September 8, 2026 establishes the contract as executable. Alongside other NHAI orders cited in the provided material, the update reinforces the company’s continued participation in fee plaza operations across multiple states. Next disclosures, if any, are likely to be tied to further LOAs, project commencement updates, or additional contract awards communicated through regulatory filings.