Mumbai, February 17, 2026 – Hazoor Multi Projects Limited (BSE: 532467) has secured a Letter of Award from the National Highways Authority of India for collection of user fees at the Balenahalli fee plaza on NH-150A in Karnataka, with a contract value of ₹44.23 crore.The contract has been awarded for engaging the company as the user fee agency at Design Km 397.400 for the four-lane stretch between Challakere and Hiriyur. The project also includes upkeep and maintenance of adjacent toilet blocks along with recouping of consumable items.
Project Details
As per the company’s disclosure dated February 17, 2026 , the key terms of the contract are as follows:Contract Overview
| Particulars | Details |
|---|---|
| Awarding Authority | National Highways Authority of India |
| Nature of Contract | Collection of User Fee |
| Location | Balenahalli Fee Plaza, NH-150A, Karnataka |
| Section Covered | Challakere to Hiriyur (Existing Chainage Km 359.120 to Km 411.560; Design Chainage Km 358.500 to Km 414.205) |
| Execution Period | One Year |
| Contract Value | ₹44,23,80,000 |
Scope of Work
Under the mandate, Hazoor Multi Projects will:- Operate as the toll collection agency at the specified fee plaza
- Manage user fee collection for the designated four-lane highway section
- Maintain and upkeep adjacent toilet facilities
- Ensure replenishment of consumable items during the contract tenure
Corporate Overview
Hazoor Multi Projects Limited is engaged in infrastructure-related activities and project execution across segments. The company is listed on the BSE under Scrip Code 532467 and ISIN INE550F01049.The latest contract win strengthens its order pipeline in the highway infrastructure and toll operations segment, adding a defined one-year revenue stream from a National Highways Authority of India assignment.
Further updates on execution milestones are expected as the contract period progresses.
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