By Enersider Desk | Mumbai
Hazoor Multi Projects Ltd. (HMPL), a leading infrastructure and engineering firm, announced that its subsidiary, Quippo Oil & Gas India Ltd., has secured a ₹280.1 crore contract from Oil India Limited. The agreement involves the chartered hire of a drilling rig, marking HMPL’s strategic entry into India’s upstream oil and gas sector. This win underscored HMPL’s shift from pure-play EPC services to an integrated infrastructure and energy platform. The acquisition of Quippo aligns with India’s push to cut energy imports by 10% and attract $100 billion in energy investments by 2030. Government policies like HELP and OALP are driving domestic exploration, creating demand for specialised service providers like Quippo.
Quippo brings deep expertise to HMPL, with a fleet of 14 advanced drilling rigs and a team of 400 professionals. The company has executed over 125 wells, including India;s deepest onshore well in Assam, completed ahead of schedule. Its services span dripping, seismic surveys, and field development, positioning HPML as a key player in India’s energy infrastructure growth. HPML’s expansion into oil and gas reflects its ambition to diversify into high-barrier, high-revenue sectors. With Quippo’s capabilities, HMPL aims to capatalise on stable, long term, opportunities in India’s energy sector while strengthening its portfolio across infrastructure and industrial projects.
Listed on the BSE, HMPL continues to focus on scalable growth, execution excellence, and sustainable value creation in critical sectors.
