Archive · 22 Sep 2025
Hazoor Multi Projects Secures Oil India Order, Announces Dividend
Imagine a company called HMPL that does big projects.
They got a big order from Oil India to rent a drilling machine, worth a lot of money!
The company also decided to give some money to its shareholders, like a reward.
HMPL is also planning to build solar power plants to help with clean energy.
Some investors got new shares.
This is a sign that the company is growing and trying to make more money.
Although new shares are being released, analysts think they will benefit from energy contracts and green projects.
Hazoor Multi Projects Ltd (HMPL) secured a Rs 280.1 crore order from Oil India Ltd.
The contract involves renting a drilling rig to Oil India.
The company's board approved the allotment of 15,50,000 new equity shares at Rs 30 each.
HMPL shares traded ex-dividend for a final payout of Rs 0.20 per share for FY25.
HMPL is also expanding into renewable energy with plans for solar projects in Solapur and Andhra Pradesh.
- Who
- Hazoor Multi Projects Ltd (HMPL)
- What
- Secured a Rs 280.1 crore order from Oil India, approved equity allotment, and announced a dividend.
- When
- Announcements made recently, with a record date for dividend set for September 22, 2025.
- Where
- HMPL's operations are expanding across various locations, including Maharashtra and Andhra Pradesh.
- Why
- To strengthen its footprint in oilfield services and expand into renewable energy.
- Order Value
- Rs 280.1 crore
- Client
- Oil India Ltd
- Dividend
- Rs 0.20 per share (FY25)
- Record Date
- September 22, 2025
- AGM Date
- September 29, 2025
- New Equity Shares
- 15,50,000
- Issue Price
- Rs 30 per share