Hazoor Multi Projects enters oil & gas sector with acquisition of Quippo
Hazoor Multi Projects Ltd. (HMPL), one of India's fastest-growing infrastructure and engineering companies, has made a major move by acquiring Quippo Oil & Gas Infrastructure Ltd. The acquisition, completed through a competitive Swiss Challenge bidding process, marks HMPL's official entry into the upstream oil and gas space—particularly offshore services—and represents a significant leap in the company's growth journey.
This milestone isn't just about expansion; it reflects a deeper strategic shift. With Quippo now part of its portfolio, HMPL is evolving from a high-performing infrastructure EPC firm into a diversified enterprise capable of delivering across capital-intensive, high-barrier sectors. The entry into the oil and gas industry comes at a time when India is pushing hard for energy security, making this move both timely and aligned with national priorities.
The acquisition allows HMPL to tap into a sector known for stable recurring revenues, high entry barriers, and strong demand fundamentals. Quippo brings with it a strong legacy in India's oilfield services sector, with advanced drilling capabilities, a seasoned team of professionals, and a track record of completing complex projects—including India's deepest well in Assam, delivered ahead of schedule. These strengths, combined with HMPL's own execution expertise, create a powerful foundation for growth in both Indian and international offshore energy markets.
What makes this transition especially meaningful is the way it has been executed. Behind the scenes, a multidisciplinary team of engineers, oilfield specialists, financial experts, and strategic advisors worked in sync to ensure a smooth integration. Their combined effort highlights HMPL's ability to navigate complex business environments and take decisive steps toward long-term value creation.
With this acquisition, HMPL strengthens its ability to pursue large-scale contracts in offshore drilling and integrated energy services. It also enhances the company's synergy across its existing infrastructure, renewable energy, and shipyard operations. As the Indian government opens up more opportunities through policies like the Open Acreage Licensing Policy (OALP), HMPL finds itself well-positioned to seize them.
This move into the energy sector is more than just diversification—it's a reflection of Hazoor Multi Projects' bold vision to become a vertically integrated player operating at the intersection of infrastructure, energy, and industrial services.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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