Hazoor Multi Projects Acquires Quippo Oil & Gas Infrastructure in Landmark Swiss Challenge Bid

Hazoor Multi Projects Ltd. has completed the acquisition of Quippo Oil & Gas Infrastructure Limited through a competitive Swiss Challenge bidding process. The acquisition cost involves a cash consideration of Rs. 57.42 lakhs, along with the assets and liabilities of the acquired entity. Quippo is engaged in providing comprehensive equipment services and infrastructure solutions to the oil and gas industry, both onshore and offshore. The acquisition aims to strategically expand Hazoor Multi Projects into India's upstream oil and gas sector, with a particular focus on offshore services, and to unlock operational synergies across its infrastructure and energy verticals. This acquisition immediately strengthens Hazoor Multi Projects' eligibility to pursue large-scale offshore and integrated energy service contracts, both within India and in key emerging international markets.