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HomeNewsBusinessStocksHazoor Multi Projects shares gain as firm aims to expand into mining, oil and gas

Hazoor Multi Projects shares gain as firm aims to expand into mining, oil and gas

This acquisition aims to expand HMPL's business operations into the oil and gas, mining, and environmental engineering sectors.

July 04, 2025 / 09:29 IST
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Hazoor Multi Projects shares gained on Friday after the company announced the acquisition of a 51 percent equity stake in Vyom Hydrocarbon Private Limited (VHPL) for a total cash consideration of over Rs 1 lakh.
This acquisition aims to expand HMPL's business operations into the oil and gas, mining, and environmental engineering sectors.
Acquisition Details
ParticularsDetails
Acquiring EntityHazoor Multi Projects Limited (HMPL)
Target EntityVyom Hydrocarbon Private Limited (VHPL)
Percentage of Equity Acquired51.00%
Consideration₹1,02,000 (Cash)
Number of Shares Acquired10,200 Equity Shares
Date of Incorporation of VHPLAugust 11, 2023
VHPL Authorized Capital₹15,00,000
VHPL Subscribed Capital₹2,00,000
VHPL Turnover (FY23-24)Nil
Acquisition Completion StatusCompleted

Strategic Rationale Behind the Acquisition


The acquisition of Vyom Hydrocarbon Private Limited is a pivotal step for Hazoor Multi Projects Limited as it seeks to diversify and expand its operational footprint. HMPL's stated objective is to venture into new, high-growth sectors, including Mining and Quarrying, the Oil and Gas industry, and the Extraction of Crude Petroleum and Natural Gas. Furthermore, the company aims to provide comprehensive Oilfield Equipment and Services, Drilling and Consulting services, and engage in Trade, Engineering, Procurement, and Construction Environmental Engineering and Sustainability initiatives, notably in Waste Management.

According to HMPL, VHPL operates in emerging sectors that are strategically aligned with the company's long-term objectives and operational strengths. This acquisition is anticipated to generate significant synergies, supporting HMPL's overarching growth and diversification plans. The move reflects HMPL's commitment to broadening its service offerings and tapping into new revenue streams within the energy and environmental sectors.
In another exchange filing, the company said in a move to bolster its presence in the oil and gas sector, has jointly with its partner entity, Last Mile Sports LLP, submitted a binding offer to Srei Equipment Finance Ltd (SEFL).

The offer pertains to a proposed settlement of liabilities and investments of Quippo Oil & Gas Infrastructure Ltd (Quippo) and the acquisition of rigs currently leased to Quippo. This initiative aligns with HMPL's existing shipyard operations, aiming to strengthen its footprint in the energy infrastructure domain.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
Alpha Desk
first published: Jul 4, 2025 09:29 am

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