HMPL has been awarded a contract by NHAI and this comes after the company received a letter of acceptance. The contract awards the right of user fee collection at Hulikunte Fee Plaza along NH-648. This plaza is on the Dobaspet to Dodaballapur Bypass. The user fee will be charged for toll collection on the four-lane highway and on maintenance services for consumables stock restocking in the structures’ toilet facilities. The project is valued at Rs 67.16 crore. The contract is valid for one year according to the electronic tendering procedure.
HMPL is increasing its presence in the renewable energy market as the company continues to expand past infrastructure development. Following the establishment of the Chhatrapati Shivaji Maharaj Saur Urja Park with a capacity of 1.2 GW in Maharashtra, the company has also earned backing from the New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) for a planned solar park with a capacity of 500 MW in Prakasham district of Andhra Pradesh. Covering an area of 2000 acres and being estimated at INR 2500 crore, this significant project has already been accepted by NREDCAP which has promised to assist in the lease for construction, connection of the power plant to the grid, and electricity transmission. The company’s investment in renewable energy clearly marks its dedication towards sustainable growth and achieving India’s clean energy objectives.
On other fronts, HMPL carries on performing to a high standard financially. Its market capitalization is Rs 1,110 crore. Market capitalization as of September 2023 was INR 1,110 crore. In Q2 FY25, the company reported a net sales figure of Rs 153.08 crore and a net profit of Rs 11.02 crore, marking an astonishing 118% and 17% increase respectively from the same quarter in FY24. On the other hand, during the first half of FY25 and net profit of Rs 20.48 crore. This resulted in an astonishing 59% decrease and 68% decline from the second half of FY24.
The HMPL case study demonstrates that institutional investors are still strongly interested in the case study. The Indian President also made a new entry by purchasing 18,15,000 shares which is 0.91% of the company. Moreover, FII raised their stake from 19.40% to 19.94% in December 2024.
In the last 5 years, HMPL has given returns that seemed too good to be true. From 0.15 Rs to 53.65 Rs per share, the company experienced an over 35000% growth. They have provided multibagger returns of 415% over 2 years and 1725% over three years.
Along with being one of the top HMEs in the country, Hazoor Multi Projects Ltd is also one of the leading infrastructure firms for India’s economy specializing in roads, bridges, flyovers, and other civil engineering works. Known for its quality, safety, and punctuality, HMPL is a valuable contributor to the growth of the country’s economy and infrastructure.
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Original news source Credit: www.goodreturns.in
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