Hazoor Multi Projects Limited has secured a Rs 207.45 crore contract from Emerald Haven Life Spaces 3 for RCC Core & Shell work on a residential project in Chennai. The project, titled PTR Phase 2, is expected to be completed within 30 months of site handover. This contract significantly bolsters the company’s order book, providing clear revenue visibility through November 2026.
Hazoor Multi Projects Secures Rs 207.45 Crore Residential Contract
Contract Value: Rs 207.45 crore. Project Timeline: 30 months.
Reader Takeaway: Strong revenue visibility via new residential order; execution speed and site handover timing remain critical monitoring points.
What just happened
Hazoor Multi Projects Limited has been awarded a work order by Emerald Haven Life Spaces 3 Private Limited. The contract, valued at approximately Rs 207.45 crore, focuses on RCC Core & Shell works for the 'PTR Phase 2' residential development in Pallavaram, Chennai.
Why this matters
This order represents a substantial infusion into the company's existing project pipeline. With a 30-month execution window, the project provides long-term revenue visibility, confirming the company's active presence in the competitive residential construction segment in South India.
What changes now
The company will now shift focus to site mobilization and initial construction phases. The delivery target is set for November 2026, making the upcoming site handover date the next critical milestone for stakeholders.
Risks to watch
Execution risk is the primary factor for investors. Any delays in the initial site handover or potential cost escalations during the 30-month construction window could affect project margins. Monitoring the company's ability to maintain its project schedule against the November 2026 deadline is essential.
What to track next
Investors should watch for follow-up disclosures regarding site handover dates and any subsequent quarterly updates on project progress milestones.