States » WestPosted at: Aug 11 2025 5:23PM


HMPL's subsidiary Quippo Oil & Gas Infrastructure secures Rs 280.1 cr Oil India Limited's order

Mumbai, Aug 11 (UNI) Hazoor Multi Projects Ltd. (HMPL), one of India's fastest-growing infrastructure and engineering has announced that its recently acquired subsidiary, Quippo Oil & Gas Infrastructure Ltd., has been awarded a contract valued at Rs. 280.1 Crore by Oil India Limited, a Maharatna Public Sector Undertaking (PSU), according to a statement issued here on Monday.
The contract involves the charter hire of one drilling rig, reinforcing Quippo's credentials in the upstream oil and gas services domain and marking HMPL's bold entry into India's upstream energy services sector-positioning the company to play a long-term role in the country's energy infrastructure development.
This Oil India Order is more than a business win-it signals HMPL's strategic shift from a pure-play EPC operator to an integrated platform capable of executing in capital-intensive, high-barrier industries. The acquisition of Quippo was a deliberate, fundamentals-driven step aligned with national energy priorities, aimed at unlocking value in sectors characterised by recurring revenues, limited competition, and policy-driven tailwinds.
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