Hazoor Multi Projects shares surge 17% on Rs 913 crore solar EPC contract win
Shares of Hazoor Multi Projects soared 17% after the company announced it had secured a major ₹913 crore contract from Apollo Green Energy Limited (formerly Apollo International). As of 9:57 AM, the shares were trading 16.96% higher at Rs 46.40.
The project involves the complete engineering, procurement, and construction (EPC) of a 200 MW grid-connected solar photovoltaic (PV) power plant in Gujarat.
According to a regulatory filing under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30), the project will be located in the Renewable Energy Solar Park at Khavda (Stage-3), developed by Gujarat State Electricity Corporation Limited (GSECL). The contract covers everything from design and supply to construction, erection, testing, and commissioning of the solar plant.
This marks a significant win for Hazoor Multi Projects, signaling its entry into large-scale renewable energy infrastructure development. The contract is scheduled to be executed by March 2026, offering a solid revenue pipeline for the next two years.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
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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