A binding offer has been submitted by Hazoor Multi Projects Limited (HMPL) to acquire a part of Gammon Engineers and Contractors Pvt. Ltd.’s (GECPL), a division of Gammon India Limited, Engineering, Procurement, and Construction (EPC) company.
In line with its development objective of improving execution capabilities for large-scale projects, HMPL considers this decision a strategic fit to strengthen its EPC portfolio and enhance its presence in the infrastructure sector.
“This proposed acquisition aligns with HMPL’s strategy to strengthen its position in the EPC space, wherein it has a proven track record of execution. HMPL views this opportunity as a strategic fit to expand its EPC portfolio and enhance its presence in the infrastructure sector,” said Hazoor Multi Projects in a statement on 15th August.
Founded in 1922 by J.C. Gammon, GECPL is a division of Gammon India Limited, one of the oldest and most reputable engineering and construction firms in India. With a track record of success in civil engineering and infrastructure development, GECPL has completed projects in a number of industries, including urban infrastructure, electricity, water, and transportation.
Meanwhile, the Board of Directors of HMPL also appointed Mr. Mukund Shriniwasrao Bilolikar as an additional independent director of the company for a period of 5 years with effect from August 13th, 2025 to August 12th, 2030 subject to the approval of Members in the ensuing Annual General Meeting.
The financial figures for the quarter that ended in June 2025 have also been released by Hazoor Multi Projects Limited (HMPL). Hazoor Multi Projects’ net profit climbed 45.77% to Rs 13.79 crore in the June 2025 quarter from Rs 9.46 crore in the June 2024 quarter. Compared to Rs 70.26 crore in Q1FY25, sales increased 156.22% to Rs 180.02 crore in Q1FY26.
On Friday, 14th August, the shares of Hazoor Multi Projects ended 0.62% higher on the BSE at Rs 43.62 per share with a market cap of Rs 952.05 Cr. The stock reached a 52-week-high of Rs 63.90 (12/09/2024) and a 52-week-low of Rs 32.00 on (03/03/2025), which indicates that the stock has shown significant volatility over the past year. This indicates that while the stock witnessed strong upward momentum in the latter half of 2024, it later faced considerable selling pressure, nearly halving in value within six months. If we look at the movement from the low of Rs 32.00 to the high of Rs 63.90, however, we can see that it represents a gain of around 99.7%.
Significant volatility and noteworthy long-term growth have been features of Hazoor Multi Projects’ share price history. Over the previous five years, the stock has produced a strong return of 39,554.55%, growing from Rs 0.11 to the present market price. The stock price went up from Rs 5.91 to the current market price during the previous three years, representing a 713% gain. The stock has gone up 13.77% in the past year, but it has fallen 18.36% year-to-date so far in 2025.