Hazoor Multi Projects (HMPL) announced that its recently acquired subsidiary, Quippo Oil & Gas Infrastructure, has secured a Rs 280.1 crore contract from Oil India for supplying a drilling rig on charter hire.

The win marks HMPL’s strategic diversification from a pure-play EPC operator to an integrated platform capable of executing capital-intensive energy sector projects. The company stated that acquiring Quippo was a fundamentals-driven move aligned with India’s energy priorities, aiming to tap into sectors with recurring revenues, limited competition, and policy support.

Quippo operates a fleet of 14 advanced drilling rigs (650 HP to 3000 HP) with top-drive systems suited for deep and complex drilling, supported by over 400 experienced oilfield professionals. With a track record of executing more than 125 wells in India, Quippo brings significant operational expertise.

HMPL highlighted its broader ambition to transition from road infrastructure contracting to becoming a strategic partner in India’s energy and industrial growth, focusing on sustainable stakeholder value through disciplined execution, intelligent diversification, and consistent value creation across all business verticals.