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Hazoor Multi Projects shares jumped 15% after the company secured an order worth ₹913 crore.
The deets: the order win is from Apollo Green Energy for the execution of a 200 MW-grid connected solar photovoltaic project in Gujarat.
The project includes designing, supplying, constructing, testing and commissioning the solar power plant. The completion is expected to be done by March 2026.
Why it matters: this is Hazoor’s largest clean energy project, making its deeper pivot into renewables. The deal also aligns with India’s push for 500 GW of non-fossil fuel capacity by 2030.
The company also plans to expand its business operations to include activities in the mining and quarrying sector, the oil and gas industry, engineering, procurement, and construction.
Worth noting: Hazoor Multi Projects has turned into a big winner for investors, with its stock jumping 188% in two years and over 1000% in just three years.
