Hazoor Multi Projects receives LoI from Gayatri Projects worth Rs303.14 crore; Stock hits upper circuit

25 Feb 2022 , 10:42 AM

Hazoor Multi Projects Limited has received a letter of intent (LoI) from Gayatri Projects Ltd worth Rs303.14 crore. The project is for completion of balance work of Chainage Km.521.600 to 532.094-Section Village Dhotre to Village Derde Karhale in district Ahmednagar (Assigned Work) including any COS issued by authority from time to time in the State of Maharashtra on Engineering, Procurement and Construction(EPC) mode.

At around 10.45 am, Hazoor Multi Projects Ltd was trading at Rs29.70 per share up by Rs0.85 or 2.95% from its previous closing of Rs28.85 per share on the BSE. The scrip opened at Rs28.15 and has touched a 5% upper circuit of Rs30.25 per share on Friday morning. 

Details work description is as under:

• Highway Rs124.77 crore
• Structure Rs125.53 crore
• Other works Rs52.84 crore