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.
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