Hazoor Multi Projects Ltd Secures Tata Steel Residential Project and NHAI Toll Award

Hazoor Multi Projects Ltd (HMPL) reported a new work order from Tata Steel Ltd to the BSE on 20th February. After this update, Hazoor Multi Projects Ltd (HAZOOR) ended at Rs 34.01 on the BSE. The share closed 1.19% lower in the last session, as of February 22, 2026.

The Tata Steel project covers the OPR and NOPR residential colony at TSSIJ, Bileipada, Joda. HMPL is responsible for design, engineering, construction, and handover. The plan includes G+9 apartment blocks for employees. Work will follow the Tata Steel-approved architectural layouts and designs.

The scope includes civil works, finishing, electrical, plumbing, and sanitary systems. It also covers firefighting, waterproofing, and lift installation. HMPL will build underground and overhead water tanks. Area development up to five metres around each block is included. Full fire safety systems form part of the package.

Apartment delivery includes 288 NOPR units of about 900 square feet each. It also includes 72 OPR flats of about 1,100 square feet each. The project timeline is 24 months. The total contract value, including GST, is Rs 182.95 Cr. HMPL stated it is not a related party transaction.

The apartment mix and sizes are outlined below for quick reference.

Category	Number of apartments	Approx. size (sq ft)
Non-operational staff residential (NOPR)	288	900
Operational staff residential (OPR)	72	1,100

Separately, HMPL announced on February 17, 2026, that NHAI issued a Letter of Award. The role covers user fee collection at the Balenahalli toll plaza in Karnataka. The stretch is on NH-150A, between Challakere and Hiriyur. The chainage runs from Km 359.120 to Km 411.560.

The toll contract was won through an e-tender competitive bid process. The execution period is one year. The order value is Rs. 44,23,80,000. In the last trading session, HAZOOR opened at Rs 34.40. It hit Rs 34.90 and fell to Rs 33.11. Volume was 325,521 shares.

Hazoor Multi Projects Ltd is an EPC company based in Mumbai. The firm works in road and highway development. It often acts as a sub-contractor to NHAI and MSRDC. The market capitalisation was about Rs 791.86 Crores as of 20 Feb 26. Over five years, the stock gained over 9,903%.