Hazoor Multi Projects wins Rs77.60 Cr NHAI toll collection contracts for Karnataka plazas
India, Oct. 12 -- The Mumbai-based infrastructure company has secured fresh work from the country's highway authority, adding to its existing portfolio just as its latest quarterly numbers show a sharp slowdown. The orders are tied to toll operations in Karnataka and carry a combined value that is modest next to the company's yearly revenue but meaningful for near-term visibility. With profit under pressure and costs weighing on margins, investors will be watching how quickly these contracts begin to contribute revenue.
Shares of Hazoor Multi Projects are trading at Rs. 16.38, up 0.68 percent on Monday. The stock touched the intraday high of Rs. 16.77 after opening at Rs. 16.70 before slipping to a low of Rs. 15.52. The company commands ...
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