Latest news with #ApolloInternational
Business Standard
7 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.
Business Upturn
7 days ago
- Business
- Business Upturn
Hazoor Multi Projects shares surge 17% on Rs 913 crore solar EPC contract win
By Aman Shukla Published on July 7, 2025, 09:59 IST 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
Business Standard
05-07-2025
- 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.
