Corporate Development     

Published: December 15, 2024
Updated: December 15, 2024

Hazoor Multi Projects Ltd.

Allots shares against warrant conversion

Hazoor Multi Projects Ltd. (HMPL) (BSE: 532467), a leader in Engineering, Procurement, and Construction (EPC) contracting services, has announced that it has allotted shares to West Midlands Ventures Pvt Ltd. against conversion of warrants.

Earlier, the company announced that its board has given an “In-principal approval” for merger of ‘Square Port Ship

yard Private Limited’ with the Company i.e. Hazoor Multi Projects Limited with a view to combine the strengths and synergies of both businesses and in the better interest of all the stakeholders, subject to the approval of shareholders, creditors, stock exchange, NCLT, SEBI, and all other statutory/ applicable authorities.

Recently, the company has announced that it has been awarded a work order from National Highways Authority of India for acting as user fee collection agency at Mulawad FP for widening to 2 lanes with paved shoulders from Km. 4.40 to 56.00 of NH 218 Bijapur Hubli section in the state of Karnataka. The value of awarded project is Rs.2.59 crores.

Hazoor Multi Projects Ltd. stands at the forefront of India’s rapidly evolving infrastructure landscape, having strategically ventured into the development of a business vertical dedicated to providing high-quality and reliable Engineering, Procurement, and Construction (EPC) contracting services. Responding to the escalating demand in the nation-building process, HMPL has swiftly emerged as a keyplayer in the industry.

Over the past few years, HMPL has achieved remarkable milestones by successfully undertaking leading projects for the Maharashtra State Road Development Corporation (MSRDC), utilizing both EPC and Hybrid Annuity Model (HAM) execution methods. Notably, the successful completion of the Wakan Pali highway in 2019, despite the challenges posed by the Covid-19 pandemic, marked a pivotal moment for HMPL. The company further solidified its presence by taking on Package 11 of the prestigious Samruddhi Expressway and contributing to the NH 48 highway project, demonstrating a commitment to excellence in project execution.

The journey thus far has been characterized by HMPL’s ability to forge successful partnerships, essential for the triumph of the projects undertaken. A robust management team, proficient in both technical and commercial aspects, has been instrumental in steering the company toward consistent growth and success. The foundation of HMPL was built on a commitment to meeting timely schedules, maintaining high-quality standards, and prioritizing safety – principles that have guided every endeavor.

Recognizing the importance of collaboration, HMPL has successfully synergized commercial and technical capabilities to deliver the best value services to key clients, including MSRDC and the National Highway Authority (NHA). In just four years, HMPL has cultivated a highly satisfied client base within the country’s highway building program. Looking ahead, HMPL is poised for further expansion. The company envisions diversifying into other verticals of Infrastructure EPC Contracts, aligning with the ongoing infrastructure boom in India. Additionally, HMPL aims to explore opportunities in overseas contracts, providing professional services in infrastructure development. The journey ahead promises to be as dynamic and successful as the path traversed thus far, solidifying HMPL’s position as a pioneering force in the infrastructure sector.