Shares of Hazoor Multi Projects were locked 10% higher on 24 November after the company announced that it had secured orders worth Rs 1,130 crore to rehabilitate and upgrade a section of NH-66 in Ratnagiri. 

The work has been endorsed to the company’s wholly owned subsidiary, Hazoor Infra Projects Private Limited from Arawali Kante Multi Projects Private Limited, which was authorised by the road transport ministry for the upgradation and rehabilitation of NH-66 from 241/300 km to 281/300 km to four lanes in Maharashtra under NHDP-IV on Hybrid Annuity mode in Ratnagiri district. 

The work order is for a total consideration of Rs 1,129.81 crore, wherein annuities are at Rs 523 crore, interest on annuities at Rs 463 crore, and operation and maintenance costs at Rs 143 crore. 

In its quarterly report for July-September, the company reported a 45.8% year-on-year (YoY) increase in its net profit to Rs 13.79 crore. 

At 3:30 pm, the shares of Hazoor Multi Projects closed 9.97% higher at Rs 151.70 on NSE.