Hazoor Multi Projects Acquires 51% in Vyom Hydrocarbon—Strategic Foray into Energy Sector

Hazoor Multi Projects Ltd (HMPL) has approved the acquisition of a 51% equity stake in Vyom Hydrocarbon Pvt Ltd, marking its strategic entry into the energy and hydrocarbon space. The move signals a diversification beyond infrastructure and real estate, aligning with Hazoor’s broader ambition to tap into high-growth, asset-backed sectors.

 

While financial terms remain undisclosed, the acquisition is expected to provide Hazoor with access to Vyom’s upstream and midstream assets, including exploration licenses and processing infrastructure. The deal is structured to offer operational control, enabling Hazoor to steer future investments and technology upgrades.

 

This development follows Hazoor’s recent expansion spree, including toll collection contracts and renewable energy forays. The company’s board cited the acquisition as a “value-accretive opportunity” that complements its infrastructure backbone and enhances long-term shareholder value.

 

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Source: Economic Times – Hazoor Multi Projects Acquisition Filing