Hazoor Multi Projects Limited has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for toll collection services on a section of NH-48 in Karnataka. The contract, valued at ₹27.15 crore, will be executed over one year and includes toll collection and maintenance responsibilities.
Author: Aditya Pareek | EQMint
Infrastructure company Hazoor Multi Projects Limited (HMPL) has announced that it has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for the collection of user fees at a toll plaza located on National Highway-48 in Karnataka.
The announcement was made through a regulatory filing submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing investors and stakeholders about the newly secured project.
The project involves the collection of toll charges and maintenance responsibilities at the Chowlaggere fee plaza, located at Km 193.020 on NH-48.
Project Details and Scope of Work
According to the details provided in the filing, the contract awarded by NHAI relates to the four-laning project of the Hassan to Maranahally section of NH-48 in Karnataka.
The toll collection agency will operate at the Chowlaggere fee plaza, which lies within the highway section connecting:
- Hassan (Existing Km 189+700, Designed Chainage 184+912)
- Maranahally (Existing Km 237+000, Designed Chainage 230+060)
In addition to toll collection, Hazoor Multi Projects will also be responsible for maintenance and upkeep of adjacent toilet blocks at the toll plaza, including replenishment of consumable items.
This type of operational responsibility is commonly assigned to toll collection contractors working with highway authorities.
Contract Value and Duration
The total value of the contract awarded to Hazoor Multi Projects is ₹27,15,60,000 (₹27.15 crore).
According to the project details outlined in the filing:
- Contract value: ₹27.15 crore
- Execution period: One year
- Nature of contract: User fee (toll) collection and facility maintenance
The contract was awarded through competitive bidding conducted via an e-tendering process, which is a standard procedure followed by NHAI for awarding toll collection contracts.
Competitive bidding ensures transparency and allows multiple companies to participate in the project selection process.
Domestic Infrastructure Contract
The filing also clarifies that the contract has been awarded by a domestic entity, namely the National Highways Authority of India.
NHAI is the government body responsible for the development, maintenance, and management of India’s national highway network.
Projects awarded by NHAI are considered important opportunities for infrastructure companies because they provide steady revenue streams through operational highway services.
No Related Party Transactions
The company also clarified that:
- The order does not involve any related party transactions.
- The promoter group has no interest in the awarding entity.
These disclosures are mandatory under SEBI regulations to ensure transparency and prevent conflicts of interest in corporate transactions.
Such confirmations help investors understand that the project has been awarded through a fair and independent process.
Importance of Toll Collection Projects
Toll collection contracts play an important role in India’s infrastructure ecosystem.
Highway authorities often appoint private companies to manage toll operations at specific fee plazas. These contractors are responsible for:
- Collecting toll fees from vehicles
- Managing toll plaza operations
- Ensuring smooth traffic movement
- Maintaining facilities such as restrooms and service areas
Such contracts help government agencies focus on highway development while outsourcing operational responsibilities to private companies.
Growth Opportunities in Highway Infrastructure
India’s road infrastructure sector has witnessed significant growth over the past decade, driven by large-scale government investment in national highways and expressways.
Programs such as:
- Bharatmala Pariyojana
- National Infrastructure Pipeline (NIP)
have accelerated highway construction and modernization across the country.
As the national highway network expands, the number of toll plazas and operational management contracts is also increasing, creating new opportunities for companies involved in toll collection and infrastructure services.
About Hazoor Multi Projects Limited
Hazoor Multi Projects Limited is an infrastructure and engineering company involved in road construction, infrastructure development, and related services.
The company participates in various infrastructure projects across India, including:
- Road construction
- Engineering and infrastructure development
- Operational infrastructure services such as toll collection
Winning contracts from government agencies like NHAI is considered important for infrastructure companies as it strengthens their order book and operational portfolio.
Market Perspective
Contracts awarded by government agencies often provide companies with predictable revenue over the contract duration.
While toll collection contracts are typically shorter in duration compared to construction projects, they can still contribute to operational cash flows and strengthen the company’s presence in the infrastructure sector.
Investors usually monitor such announcements because they reflect business activity, project wins, and operational expansion.
Conclusion
The ₹27.15 crore toll collection contract awarded by NHAI to Hazoor Multi Projects Limited represents another addition to the company’s project portfolio.
With responsibilities including toll fee collection and facility maintenance at the Chowlaggere fee plaza on NH-48 in Karnataka, the contract will be executed over a one-year period.
As India continues to invest heavily in highway infrastructure, companies involved in road development and operational services are expected to benefit from increasing project opportunities.
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