Latest news with #ApolloGreenEnergy
India.com
3 days ago
- Business
- India.com
This company shares hit upper circuit after order win from Apollo Green Energy
टर्म इंश्योरेंस जरूरी Shares of Hazoor Multi Projects Ltd (HMPL) were locked in a 20 per cent upper circuit on Monday, July 7, 2025. The surge comes after the company informed exchanges that it has won a significant order worth Rs 913 crore from Apollo Green Energy (formerly Apollo International). This order is for the execution of a 200 MW grid-connected solar photovoltaic (PV) project in Gujarat, a major development that has positively impacted the company's stock performance. The stock opened at Rs 47.60 against the previous close of Rs 39.67. Last seen, it held firmly in green and was trading at Rs 46.20. In between, the counter hit the low of Rs 44.55. The stock hit its 52-week high of Rs 63.90 on September 12, 2025 and its 52-week low of Rs 32 on March 3, 2025. The market cap of the company is Rs 1,008 crore. Share Price History The stock has been gaining for the last two days and has risen around 18 per cent in this period. This recent surge in stock price is a significant development. Technically, the counter trades higher than the 5-day, 20-day, 50-day and 100-day moving averages but lower than the 200-day moving averages. The company has a strong track record, having given a multibagger return of 237 per cent in two years and 1,325 per cent in three years. However, the scrip has corrected over 13 per cent so far this year. Value Of The Project As per the information shared, the value of the awarded project is Rs 913 crore. The project will take place at the Gujarat State Electricity Corporations (GSECL) Renewable Energy Solar Park in Khavda (Stage-3). The company's strategic planning is evident in the work it has undertaken, which includes designing, supplying, constructing, testing, and commissioning the solar power plant, according to a regulatory filing. The order needs to be executed by March 2026. Meanwhile, benchmark indices Sensex and Nifty declined in early trade on Monday amid caution ahead of the July 9 US tariff deadline, weak trends in Asian markets and foreign fund outflows. Despite the volatile trends engulfing markets during the early trade amid concerns surrounding the US-India trade deal, experts noted the company's resilience. The 30-share BSE Sensex declined 170.66 points to 83,262.23 in early trade. The 50-share NSE Nifty dipped 53.75 points to 25,407.25.
Business Standard
3 days ago
- Business
- Business Standard
Hazoor Multi Projects spurts after bagging Rs 913-cr solar order from Apollo Green Energy
Hazoor Multi Projects surged 16.59% after the company secured an order worth Rs 913 crore from Apollo Green Energy (formerly Apollo International) for the execution of a 200 MW grid-connected solar photovoltaic (PV) project in Gujarat. The project will take place at the Gujarat State Electricity Corporations (GSECL) Renewable Energy Solar Park in Khavda (Stage-3). The work includes designing, supplying, constructing, testing, and commissioning the solar power plant, according to a regulatory filing. Completion is expected by March 2026. The company noted that the promoters and group entities of Hazoor Multi Projects have no related party interest in Apollo Green Energy. The order is being carried out on an arms-length basis. Hazoor Multi Projects has landed an order worth Rs 913 crore, surpassing its current market capitalization of Rs 866 crore. Hazoor Multi Projects is in the business of real estate and road construction. The companys consolidated net profit tanked 68.9% to Rs 16.78 crore on a 46.2% drop in net sales to Rs 249.47 crore in Q4 FY25 over Q4 FY24.
Mint
5 days ago
- Business
- Mint
Small-cap stock under ₹50 gets solar project worth ₹913 crore. Details here
Small-cap stock under ₹ 50: Hazoor Multi Projects, a small-cap company, could likely hog the limelight on Monday after it won an order that's worth more than its market capitalisation of ₹ 865 crore. The company informed the exchanges that it has received a letter of award (LOA) from Apollo Green Energy worth ₹ 913 crore, higher than its own value. "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.
Mint
5 days ago
- Business
- Mint
Small-cap stock under ₹50 gets solar project worth ₹913 crore. Details here
Small-cap stock under ₹ 50: Hazoor Multi Projects, a small-cap company, could likely hog the limelight on Monday after it won an order that's worth more than its market capitalisation of ₹ 865 crore. The company informed the exchanges that it has received a letter of award (LOA) from Apollo Green Energy worth ₹ 913 crore, higher than its own value. "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. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
5 days ago
- Business
- Business Standard
Hazoor Multi Projects bags Rs 913-cr solar order from Apollo Green Energy
Hazoor Multi Projects announced that it has secured order worth Rs 913 crore from Apollo Green Energy (formerly Apollo International) for the execution of a 200 MW grid-connected solar photovoltaic (PV) project in Gujarat. The project will take place at the Gujarat State Electricity Corporations (GSECL) Renewable Energy Solar Park in Khavda (Stage-3). The work includes designing, supplying, constructing, testing, and commissioning the solar power plant, according to a regulatory filing. Completion is expected by March 2026. The company noted that the promoters and group entities of Hazoor Multi Projects have no related party interest in Apollo Green Energy. The order is being carried out on an arms-length basis. Hazoor Multi Projects has landed an order worth Rs 913 crore, surpassing its current market capitalization of Rs 866 crore. Hazoor Multi Projects is in the business of real estate and road construction. The companys consolidated net profit tanked 68.9% to Rs 16.78 crore on a 46.2% drop in net sales to Rs 249.47 crore in Q4 FY25 over Q4 FY24. The scrip rose 1.28% to settle at Rs 39.67 on Friday, 4 July 2025.
