Hazoor Multi Projects Expands Beyond Infrastructure with Full Acquisition of Quippo Oil & Gas

 Hazoor Multi Projects Ltd. (HMPL), a fast-rising player in India’s infrastructure and EPC contracting space, has announced a strategic acquisition of Quippo Oil & Gas Infrastructure Ltd., signaling its aggressive expansion into the energy sector. The move is part of a broader blueprint to diversify beyond traditional infrastructure into high-growth verticals like oil and gas, mining, and environmental engineering.

 

The acquisition, executed jointly with partner entity Last Mile Sports LLP, involves a binding offer submitted to Srei Equipment Finance Ltd (SEFL) for the settlement of Quippo’s liabilities and the purchase of rigs currently leased to Quippo. This marks a significant pivot for HMPL, aligning with its shipyard operations and strengthening its presence in energy infrastructure.

 

Strategic Vision: Beyond Roads and Bridges

Hazoor Multi Projects has long been known for its work in civil infrastructure, but this acquisition signals a new chapter. The company is now positioning itself as a multi-sector powerhouse, with ambitions to lead in oilfield services, drilling, EPC for energy projects, and sustainable engineering.

 

According to the company’s regulatory filing, the acquisition is part of a calculated strategy to enter emerging sectors that offer long-term growth and diversification. The rigs acquired from Quippo will be integrated into HMPL’s shipyard and energy operations, enhancing its capabilities in offshore and onshore drilling.

 

Leadership Commentary

Radheshyam Mopalwar, Managing Director of HMPL, stated: “This acquisition is not just a transaction—it’s a transformation. We are building a future-ready enterprise that can deliver across sectors. Quippo’s assets and expertise will accelerate our entry into oil and gas, and complement our infrastructure DNA.”

 

He added that the company is committed to sustainability and innovation, and the integration of Quippo’s rigs will be aligned with HMPL’s environmental engineering goals.

 

Deal Structure & Financial Impact

While the financial terms of the Quippo acquisition have not been publicly disclosed, HMPL has also acquired a 51% stake in Vyom Hydrocarbon Pvt. Ltd. for ₹1.02 lakh, further reinforcing its commitment to the oil and gas sector.

 

Market Reaction & Investor Sentiment

Following the announcement, HMPL’s stock saw a modest uptick of over 3%, trading at ₹40.47 per share, up from ₹39.17. Analysts view this move as a long-term play, with potential upside as HMPL builds its portfolio in energy and mining.

 

The company’s strategic pivot has been well received by investors, especially given its recent amendments to its Memorandum of Association to include renewable energy, oil and gas, and environmental engineering.

 

Sectoral Expansion: What’s Next?

Hazoor Multi Projects is now actively exploring opportunities in:

 

Oil & Gas Exploration and Services

Sustainability Initiatives

The company has also enhanced its order book for FY25, adding new contracts that reflect its diversified ambitions.

 

A New Identity for HMPL

This acquisition marks a turning point for HMPL, transforming it from a niche infrastructure player into a diversified engineering and energy firm. The company’s leadership has emphasized that future growth will be driven by innovation, sectoral agility, and strategic partnerships.

 

With Quippo’s rigs and Vyom Hydrocarbon’s domain expertise, HMPL is now equipped to compete in India’s rapidly evolving energy landscape.

 

Sources: Hazoor Multi Projects – Official Website, Moneycontrol, Goodreturns, Business Today