Small-cap stock under ₹50 gets solar project worth ₹913 crore. Details here
"We are pleased to inform that Letter of Award (LOA) has been awarded to M/s Hazoor Multi Projects Limited, received from M/s. Apollo Green Energy Limited (formally known as Apollo International Limited) for NHPC -200 MW, Engineering, Procurement & Construction (EPC) Contract," the company informed the exchanges in a filing post market trading hours on Friday. As a result, the small-cap stock could see traction in trade on Monday.
The order pertains to design, engineering, supply, construction, erection, testing and commissioning of a 200 MW grid-connected solar PV Power Project in GSECL's RE Solar Park at Khavda (Stage-3) in Gujarat. The value of the awarded project is ₹ 913 crore, Hazoor Multi Projects further added. The project's date of completion has been set as March 2026.
Hazoor Multi Projects share price settled at ₹ 39.67 apiece, up 1.28% amid high volumes. According to BSE data, 13.41 lakh shares of the company changed hands, compared to the two-week average of 8.38 lakh shares.
During the trade, Hazoor Multi Projects share price hit the day's high of ₹ 40.47 and a low of ₹ 38.25.
The small-cap stock has been in a consolidation so far in 2025, shedding 26% of its value on a year-to-date (YTD) basis. However, for the last one year, the stock has gained 16%.
Hazoor Multi Projects has emerged as a multibagger stock over a longer time frame, with the scrip rising 188% in two years and over 1000% in three years, as per BSE data.
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