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The stock opened at Rs 402.50 on the Bombay Stock Exchange, up about 5% from its previous close of Rs 382.35.
HMPL emerges as lowest bidder for Rs 274 crore project of Maharashtra State Infrastructure Development Corporation Shares of Hazoor Multi Projects Ltd. rose 5 per cent on Tuesday as the company informed exchanges that it has emerged as the lowest bidder for a Maharashtra State Infrastructure Development Corporation (MSIDC) project worth Rs 273.74 crore.
The stock opened at Rs 402.50 on the Bombay Stock Exchange, up about 5 percent from the previous close of Rs 382.35 on the Bombay Stock Exchange. “We are pleased to inform you that the company has emerged as the lowest bidder for the Maharashtra State Infrastructure Development Corporation (MSIDC) project,” the company said in an exchange filing.
It is learnt that the project involves widening and improvement of Paldhi Amalner Dondaicha Nandurbar Dhanora to Gujarat Border Road SH-6 KM 121/200 to 169/500 Tal. Dist. Nandurbar on Engineering Procurement and Construction (EPC) mode. The company will have 912 days to complete the project.
Earlier, the Mumbai-based construction company fixed the record date for its first interim dividend for the financial year 2024-25.
(Disclaimer: The information provided in this article is for informational purposes only and should not be considered investment advice. Readers are advised to consult a qualified financial advisor before making any investment decisions.)
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