This Small-Cap Stock Bags Rs 182.95 Cr Mega Order From Tata Steel; Stock Jumps Over 9,902% In 5 Yrs
Business
Hazoor Multi Projects Ltd (HMPL) has announced that it has secured a significant work order from Tata Steel Ltd, marking a major milestone for the company. The intimation was made to the BSE on 20th February, post which the share price for Hazoor Multi Projects Ltd (HAZOOR) was Rs 34.01 as the stock closed down 1.19% in its last trading session on the BSE as of February 22, 2026.
The OPR and NOPR residential colony in TSSIJ, Bileipada, Joda, is the subject of the awarded project’s design, engineering, construction, and handover. The development will consist of G+9 apartments built for employees in accordance with the Tata Steel-approved architectural plan and designs.
Civil construction, architectural finishing, electrical work, plumbing and sanitary systems, firefighting installations, waterproofing, underground and overhead water storage tanks, area development up to five meters around each block, automated lift installation, and full fire safety systems are all included in the extensive scope of work.
288 non-operational staff residential (NOPR) apartments, each measuring about 900 square feet, and 72 operational staff residential (OPR) flats, each measuring about 1,100 square feet, will be delivered by HMPL as part of the project. To ensure optimal quality and on-time delivery, the entire project will be carried out strictly in accordance with the agreed-upon specifications and contractual requirements. The contract’s total value, including applicable GST, is Rs 182.95 Cr, and the time frame of the order for completion is 24 months. Most importantly, the organization has made it clear that the contract is not a related party transaction and that the awarding entity has no promoter or group company interest.
Meanwhile, Hazoor Multi Projects Limited (HMPL) officially announced on February 17, 2026, that the National Highways Authority of India (NHAI) had granted it a Letter of Award (LOA). This agreement designates the company as the user fee collecting contractor for the State of Karnataka’s Balenahalli toll plaza. The project specifically involves a four-lane section of NH-150A between Challakere and Hiriyur, from Km 359.120 to Km 411.560, which is the current chainage.
This domestic project was secured through a competitive bidding process via e-tender and is scheduled to be executed over a one-year time period and the order value is Rs. 44,23,80,000.
During the last trading session, the stock opened at Rs 34.40 and experienced intraday volatility, reaching an intraday high of Rs 34.90 and dipping to a low of Rs 33.11. Trading activity for the day saw a volume of 325,521 shares exchanged on the BSE. Hazoor Multi Projects maintains a market capitalization of approximately Rs 791.86 Crores as of 20 Feb 26. The stock has shown exceptional multibagger returns over a five-year period, with a gain of over 9,903%.
An important participant in the development of roads and highways is Hazoor Multi Projects Ltd. (HMPL), an Engineering, Procurement, and Construction (EPC) firm with headquarters in Mumbai. The micro-cap company frequently serves as a sub-contractor for major authorities like the National Highways Authority of India (NHAI) and the Maharashtra State Road Development Corporation (MSRDC).