This Real Estate and Road Construction Company’s Subsidiary Signs MoU with Damen to Transform India's Shipbuilding Sector
The company has a market cap of Rs 873 crore and the stock is up by 31 per cent from its 52-week low of Rs 11.96 per share.
Hazoor Multi Projects Limited's subsidiary, Square Port Shipyard Private Limited, has entered into an MoU with Damen Technical Cooperation B.V. to improve the shipyard capacity of the company. This partnership seeks to create a sustainable and efficient shipyard at Dabhol in the Konkan region to build Damen's range of ships for both local and international markets. Mr. Dingeman van Worden, the Regional Sales Director at Damen Shipyards said that Damen needs to have a physical presence in countries such as India where the economies are growing fast and that Damen can produce good products with relatively low labor costs
Mr. Fattesingh Patil, Director of Square Port Shipyards, added that this partnership is in line with their strategy to change the face of India's maritime sector through the use of new technologies and concepts such as sustainability. It is also expected to ease the current capacity problems in the Indian shipbuilding and repair industry and it will be a big boost to Square Port Shipyard in its quest to become a one stop shop in the sector.
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Hazoor Multi Projects Limited, established in 1992, operates mainly in the infrastructure development sector as an EPC contracting company. The company is engaged in road construction and has been awarded subcontracts for national highway projects by government agencies such as Maharashtra State Road Development Corporation Ltd and National Highways Authority of India. It has earned most of its revenue, about 93 per cent in FY23, from the construction of the Mumbai-Nagpur Expressway.
The company has worked on some notable projects like the Samruddhi Mahamarg, a 6-lane expressway that passes through Mumbai to the Vidarbha region, and the rehabilitation and upgradation of the Wakan-Pali-Khopoli section of NH-548A. In FY23, Hazoor Multi Projects Limited increased its authorized share capital from Rs 70 crores to Rs 80.50 crores and bought a 46.75 per cent stake in Karmvir Intelligent Infra Private Limited.
Hazoor Multi Projects Limited has a market capitalization of Rs 936 crore. The stock has given a 1 year return of 3.67 per cent and a 3 year return of 1638.72 per cent. The PE ratio of the company is 12.27. Some of the major public shareholders of the company are Deepika Gupta with 3.39 per cent, Authum Investment And Infrastructure Limited with 2.51 per cent, Manisha R Mopalwar with 1.89 per cent, Mellora Infrastructure Private Limited with 1.69 per cent, and Lorenzini Apparels Limited with 1.01 per cent. per cent\
As of April 09, 2025, the current stock price of Hazoor Multi Projects Limited is Rs 41.99. The stock has a 52-week high of Rs 62.15 and a 52-week low of Rs 32.65. The company has a market cap of Rs 873 crore and the stock is up by 31 per cent from its 52-week low of Rs 11.96 per share. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.