August 17, 2026: Hazoor Multi Projects Limited has secured a ₹28.47 crore Letter of Award (LOA) from the National Highways Authority of India (NHAI) for user-fee collection at the Madangundi Fee Plaza on NH-31 in Jharkhand.
Author: Aadarsh Patel | EQMint
The company disclosed the award to BSE on August 15, 2026, stating that the LOA was issued by NHAI on August 14, 2026 under the applicable SEBI disclosure regulations.
₹28.47 Crore NHAI Contract
The contract has been awarded through competitive bidding via e-tender for the Madangundi Fee Plaza at design chainage Km 12.300.
The project covers the four-laning between Km 0.000 and Km 27.500 on NH-31 in Jharkhand, under NHDP Phase-IV on EPC mode.
The total contract value is ₹28.47 crore, with an execution period of 1 year.
Key Order Details
| Particular | Details |
|---|---|
| Awarding Authority | NHAI |
| Project | Madangundi Fee Plaza |
| Location | Jharkhand |
| Highway | NH-31 |
| Design Chainage | Km 12.300 |
| Highway Section | Km 0.000 to Km 27.500 |
| Contract Value | ₹28.47 crore |
| Contract Period | 1 year |
| Award Method | Competitive bidding through e-tender |
| Nature of Work | User-fee collection |
| Entity Type | Domestic |
| Related Party Transaction | Not Applicable |
The company will also undertake upkeep and maintenance of adjacent toilet blocks, including replenishment of consumable items.
Second NHAI-Focused Order in Recent Weeks
The latest award adds another highway-related contract to Hazoor Multi Projects’ business pipeline.
The company’s previous disclosure involved an NHAI contract for ₹24.33 crore for user-fee collection at the Ramnagar Fee Plaza on NH-27 in Madhya Pradesh. The latest ₹28.47 crore Madangundi contract takes the combined value of these 2 recently disclosed NHAI awards to approximately ₹52.80 crore.
The 2 contracts are separate projects and have different execution locations and contract terms.
What the Company Will Handle
Hazoor Multi Projects will operate as the user-fee collection agency for the Madangundi Fee Plaza.
Alongside fee collection, the scope includes maintaining the adjacent toilet blocks and ensuring that required consumables are replenished.
The company has disclosed that the contract has been awarded by a domestic entity and that the promoter/promoter group interest and related-party transaction provisions are not applicable.
EQMint Analysis
The ₹28.47 crore order gives Hazoor Multi Projects another 1-year revenue opportunity in the highway operations segment.
The more interesting point is the company’s recent run of NHAI awards. With 2 disclosed contracts worth roughly ₹52.80 crore combined, execution will now become the key factor for investors to watch.
The contracts also provide exposure to recurring highway user-fee collection activity, although the actual financial benefit will depend on execution and the company’s ability to manage operating costs during the contract period.
For now, the latest NHAI award strengthens Hazoor Multi Projects’ order pipeline and adds another project in India’s highway infrastructure network
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Disclaimer: This article is not an investment advice and is for educational purpose only.
