Hazoor Multi Projects wins Rs 28.47 cr NHAI LOA, 2026

Key update from the exchange filing

Hazoor Multi Projects Limited has reported a new order win from the National Highways Authority of India (NHAI) for user fee collection at a toll plaza in Jharkhand. The company said it received a Letter of Award (LOA) for the Madangundi Fee Plaza on NH-31. The disclosed order value is Rs 28.47 crore, and the execution period is one year. Along with toll collection, the scope also includes toll plaza management and upkeep of nearby toilet blocks, including the supply of consumable items.

The update matters because toll collection contracts offer a defined operating timeline and visibility on the contracted value, while also expanding the company’s portfolio of NHAI-linked operations. The order was awarded through a competitive bidding process via e-tender. The company classified the award as a domestic order from NHAI.

What NHAI awarded and what Hazoor will do

Under the LOA, Hazoor Multi Projects is designated as the user fee collection agency for the Madangundi Fee Plaza. The toll plaza is located at design chainage Km 12.300. It falls on the four-lane NH-31 stretch between Km 0.000 and Km 27.500 in Jharkhand.

The scope is not limited to collecting toll charges from road users. The contract also includes managing the toll plaza and ensuring basic facility operations around the plaza. Specifically, the company will be responsible for the care and maintenance of toilet blocks surrounding the fee plaza and the replenishment of required consumable items. These are standard operational obligations for fee plaza management, and they typically require staffing, housekeeping, and continuous supply arrangements.

Location details: NH-31 project stretch in Jharkhand

Hazoor’s contract relates to the Madangundi Fee Plaza on NH-31 in Jharkhand. The company referenced the project as part of the four-laning works on NH-31 and stated that the designated chainage is at Km 12.300. The described road section covers Km 0.000 to Km 27.500.

The disclosure also linked the stretch to NHDP Phase-IV and noted an EPC mode context for the underlying highway development. While the LOA is for fee collection and operations rather than construction, the location and project references help define where the tolling activity will be carried out and which corridor users are expected to pass through.

LOA timeline: dates mentioned in the disclosure

The company stated that it received the LOA from NHAI on August 14, 2026. It also reported that a formal LOA was received on August 15, 2026, indicating the award as confirmed and executable. The contract has a defined timeline of one year.

In addition to the LOA for Madangundi, the company’s recent disclosures include another NHAI user-fee contract in August 2026. That earlier award adds context to the pace of order inflows during the month.

Order value and execution period

The total value of the Madangundi fee plaza order is Rs 28.47 crore. The company also provided the absolute rupee figure of Rs 28.47 crore as Rs 28,47,00,000, which is consistent with the stated value.

The contract duration is one year. A separate note in the provided information calculated an approximate monthly revenue of about Rs 2.37 crore from this specific project, based on the one-year value and fixed contract period. While actual monthly collections and costs can vary operationally, the disclosed contract value and tenure define the broad revenue envelope for this award.

How the contract was won: competitive e-tender

Hazoor Multi Projects said the work was awarded through a competitive bidding process using an e-tender mechanism. NHAI is the awarding entity. The company described the order as purely domestic.

Competitive tendering is typical for NHAI toll operations and service contracts, where bidders are evaluated based on predefined eligibility and commercial parameters. For investors, the reference to an e-tender confirms that the award followed a structured procurement process.

Another NHAI contract disclosed earlier: Ramnagar Fee Plaza

Before the Madangundi award, Hazoor Multi Projects disclosed that it had received another NHAI LOA valued at Rs 24.33 crore. NHAI issued the LOA on August 10, 2026, for collecting user fees at the Ramnagar Fee Plaza on the Baran-Shivpuri section of New NH-27 in Madhya Pradesh.

That contract covers toll collection at Ramnagar Fee Plaza (Km 1280.370), located between Km 1251.814 and Km 1305.087. Like the Madangundi contract, the Ramnagar award includes upkeep and maintenance of nearby toilet blocks and supply of consumables. The disclosed total value for the Ramnagar order is Rs 24.33 crore (also specified as Rs 24,33,33,090).

Q2FY27 disclosed order inflows and what it signals

Based on the provided information, the Madangundi LOA (Rs 28.47 crore) and the earlier Ramnagar LOA (Rs 24.33 crore) together take disclosed Q2FY27 order inflows to Rs 52.80 crore. This total is explicitly stated in the information alongside the Madangundi award.

A separate market snapshot in the provided text also described the Madangundi win as the company’s third highway toll collection contract win in August 2026, and referenced total fresh orders of Rs 81.27 crore for the month. However, within the details provided here, the two quantified and described awards sum to Rs 52.80 crore, and those are the contracts with full location and value information.

Summary table: contracts and key terms

Market impact: why toll O&M orders are tracked closely

For Hazoor Multi Projects, these awards expand the company’s operational footprint in toll fee collection and related facility maintenance. The one-year tenure for the Madangundi order provides a defined period of revenue visibility tied to the contract value of Rs 28.47 crore. The inclusion of maintenance and consumables indicates that the company will need to execute on service levels in addition to collections.

The disclosures also show recurring engagement with NHAI via competitive e-tenders. In market terms, repeat wins can be tracked as an indicator of the company’s ability to qualify and compete in NHAI processes, while the cumulative disclosed inflows for the quarter help investors benchmark fresh order additions.

Conclusion

Hazoor Multi Projects has added a Rs 28.47 crore NHAI LOA for the Madangundi Fee Plaza on NH-31 in Jharkhand, with a one-year execution timeline and responsibilities spanning toll collection and facility upkeep. The award follows a competitive e-tender process and adds to the company’s disclosed NHAI user-fee contract wins in August 2026. Investors are likely to track the start of on-ground operations at the plaza and any further order disclosures in the quarter.