Hazoor Multi Projects Limited has announced a significant new achievement that is likely to shape its business trajectory over the next two years. The Mumbai-based construction and infrastructure development company has secured a work order valued at approximately ₹182.95 crore (Rs 183 crore) from Tata Steel Limited, reinforcing its position as a capable contractor in the industrial and residential construction space in India.
This prestigious order win was disclosed in a formal filing to the stock exchange and marks a notable milestone for Hazoor Multi Projects’ order book. The contract was awarded following a competitive tendering process and underscores the confidence that one of India’s largest steel producers places in Hazoor’s engineering, procurement, and construction expertise.
The work order covers the design, engineering, execution, and handover of residential housing colonies at the Tata Steel Senior Staff Industrial Junction (TSSIJ) located in Bileipada, Joda, Odisha. Under the terms of the contract, Hazoor Multi Projects will construct multiple buildings featuring advanced living facilities for both operational and non-operational staff, designed to meet the stringent architectural and quality standards set by Tata Steel.
The residential development will include 288 non-operational staff residential (NOPR) units of about 900 sq. ft. each, as well as 72 operational staff residential (OPR) units of around 1,100 sq. ft. each. The project’s comprehensive scope of work extends beyond basic construction to encompass civil development, architectural finishes, electrical and plumbing systems, fire safety installations, waterproofing, underground and overhead water storage, automated lift systems, and area landscape development around the buildings.
Execution of the project is scheduled over a 24-month timeframe, during which Hazoor Multi Projects will deploy its project management teams, technical experts, and subcontractor networks in a phased manner to deliver results within the agreed schedule. The company has also clarified that this contract is not a related party transaction and involves no promoter group interest, demonstrating full compliance with regulatory and corporate governance norms.
Market responses to the order win reflect its significance. While Hazoor Multi Projects’ stock experienced short-term volatility following the announcement, industry analysts view the contract as a strong indicator of future revenue visibility and operational leverage. With domestic construction demand rising — especially for projects linked to industrial expansion, employee housing, and allied infrastructure — this order provides a solid platform for Hazoor’s growth in both residential and industrial verticals.
The company has a history of executing infrastructure projects and has been increasingly winning contracts across a range of sectors, including work from the National Highways Authority of India (NHAI). However, this Tata Steel contract is among the largest in recent years and reflects a broadening of Hazoor’s project portfolio into large-scale, heavy-duty construction partnerships.
Looking ahead, stakeholders and investors will be keenly watching how Hazoor Multi Projects mobilizes resources, manages execution challenges, and leverages this contract to build long-term strategic collaborations with large industrial clients. With the contract’s execution underway post mobilisation and requisite clearances, the company is expected to update the market regularly on progress in its upcoming quarterly disclosures.
This development not only strengthens the company’s order book but also adds depth to its capabilities in delivering integrated construction solutions, further solidifying its footprint in India’s infrastructure growth story.