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Hazoor Multi Projects Ltd has secured a INR 28.47-crore contract from the National Highways Authority of India (NHAI) to operate as the user fee collection agency at Madangundi Fee Plaza on NH-31 in Jharkhand. The order was awarded through the e-tender process, according to a regulatory filing by the company. The project is located at kilometre 12.3 of the highway and has a tenure of 12 months. NHAI issued the Letter of Award to Hazoor Multi Projects for the user fee agency engagement. The company operates across renewable energy and infrastructure, including road construction projects undertaken on an engineering, procurement and construction (EPC) basis. The contract adds a highway-related assignment to the company's existing activities in the infrastructure and energy sectors.
Hazoor Multi Projects Ltd has secured a INR 28.47-crore contract from the National Highways Authority of India (NHAI) to serve as the user fee agency at Madangundi Fee Plaza on NH-31 in Jharkhand. The order was awarded through an e-tender process and will run for 12 months, according to a regulatory filing by the company.
The Letter of Award (LOA) was issued by NHAI for the engagement at Madangundi Fee Plaza, located at kilometre 12.3 on NH-31. The contract has an awarded value of INR 28.47 crore and a tenure of one year.
The user fee agency engagement forms part of NHAI's toll collection operations on the national highway network. Under the awarded contract, Hazoor Multi Projects will undertake the responsibilities associated with the user fee agency at the specified fee plaza for the duration of the agreement.
The contract was secured through the e-tendering process. Hazoor Multi Projects disclosed the receipt of the LOA in a regulatory filing on Saturday, detailing the location, value and duration of the assignment.
The order adds a road infrastructure-related contract to Hazoor Multi Projects' portfolio. The company operates in renewable energy and undertakes road construction projects through the engineering, procurement and construction (EPC) model.
Its infrastructure activities include the development of road projects, while its energy business focuses on renewable energy. The latest NHAI order relates to highway operations rather than construction and involves the management of user fee collection at the designated toll plaza.
The Madangundi Fee Plaza is situated on NH-31 in Jharkhand, with the specified project location at kilometre 12.3. The contract period has been fixed at 12 months, while the total awarded project value stands at INR 28.47 crore.
The company has not disclosed additional operational details concerning the staffing, collection arrangements or commencement date of the assignment in the regulatory filing. The order announcement covers the receipt of the NHAI Letter of Award and confirms the contract value, location, procurement route and tenure.
Hazoor Multi Projects' business activities span renewable energy and road infrastructure, with the company undertaking road projects on an EPC basis. The NHAI contract provides the company with an additional engagement within the national highway network through its role as user fee agency at the Madangundi toll plaza.
Source - PTI
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