SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Hazoor Multi Projects secures INR 193.85 crore NHAI order for Tamil Nadu toll plaza

#Builders & Projects#Infrastructure#India#Tamil Nadu
Synopsis

Hazoor Multi Projects has secured an INR 193.85 crore order from the National Highways Authority of India (NHAI) for operating the Paranur Fee Plaza on NH-45 in Tamil Nadu. Awarded through the e-tender process, the 12-month contract covers user fee collection at the toll plaza located at the 52.82-km point of the highway. The scope also includes maintenance of building infrastructure adjoining the fee plaza. The order strengthens the company’s exposure to highway-related operations and adds to its portfolio of infrastructure and road-sector projects.

Hazoor Multi Projects has secured an INR 193.85 crore order from the National Highways Authority of India (NHAI) for operating the Paranur Fee Plaza on NH-45 in Tamil Nadu.
The company received the Letter of Award (LOA) from NHAI following the completion of the e-tender process. The contract involves Hazoor Multi Projects acting as the user fee agency for Paranur Fee Plaza, situated at the 52.82-km point of NH-45.
The contract carries a tenure of 12 months and has an awarded value of INR 193.85 crore. The company will be responsible for carrying out user fee collection operations at the designated fee plaza during the contract period. The scope also covers maintenance of building infrastructure located adjacent to the toll plaza.
The order gives Hazoor Multi Projects a role in the operational side of national highway infrastructure, complementing its existing activities in road construction and renewable energy. The company undertakes road projects on an engineering, procurement and construction (EPC) basis, in addition to its renewable energy business.
The Paranur Fee Plaza forms part of the NH-45 corridor in Tamil Nadu, making the contract relevant to the management and upkeep of highway infrastructure along the route. Through the 12-month engagement, the company will undertake responsibilities associated with the functioning of the fee plaza while also maintaining the supporting building infrastructure included in the award.
For Hazoor Multi Projects, the order broadens its participation in highway-related activities beyond construction. User fee agencies play an operational role in toll-plaza management, while associated maintenance responsibilities support the continued functioning of facilities serving highway users.
The company secured the order through a competitive e-tendering process conducted by NHAI. The award comes as Hazoor Multi Projects continues to operate across infrastructure-linked businesses, with its activities spanning road development and renewable energy.
The INR 193.85 crore contract is therefore expected to contribute to the company’s road-sector business while giving it exposure to a highway operations and maintenance assignment in Tamil Nadu. The agreement will remain in force for 12 months in accordance with the terms of the NHAI award.
Source PTI

Discussion

Have something to say? Post your comment