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Hazoor Multi Projects’ arm wins contract worth Rs 280.1 crore from Oil India

11 Aug 2025 Evaluate

Hazoor Multi Projects’ (HMPL) recently acquired subsidiary -- Quippo Oil & Gas Infrastructure has been awarded a contract valued at Rs 280.1 crore by Oil India, a Maharatna Public Sector Undertaking (PSU). The contract involves the charter hire of one drilling rig, reinforcing Quippo’s credentials in the upstream oil and gas services domain and marking HMPL’s bold entry into India’s upstream energy services sector - positioning the company to play a long-term role in the country’s energy infrastructure development.

This Oil India Order is more than a business win--it signals HMPL’s strategic shift from a pure-play EPC operator to an integrated platform capable of executing in capital-intensive, high-barrier industries. The acquisition of Quippo was a deliberate, fundamentals-driven step aligned with national energy priorities, aimed at unlocking value in sectors characterized by recurring revenues, limited competition, and policy-driven tailwinds. 

Hazoor Multi Projects is a leading player in the Indian infrastructure sector, specializing in a diverse range of projects including road construction, bridges, flyovers, and other civil engineering works.

Hazoor Multi Project Share Price

23.29 -0.60 (-2.51%)
08-Jul-2026 16:59 View Price Chart
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Company Name CMP
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Sobha 1452.70
Oberoi Realty 1871.50
DLF 633.75
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