Hazoor Multi Projects has secured a Rs 913 crore contract from Apollo Green Energy Ltd. for a solar power project to be located in Gujarat State Electricity Corp.'s Renewable Energy Solar Park in Khavda.
The project entails Hazoor Multi Projects to handle the engineering, procurement, and construction of a 200 MW grid-connected solar PV power project with a deadline for execution set at March 2026.
Additionally, Hazoor Multi Projects will oversee the design, engineering, supply, construction, erection, testing, and commissioning aspects of the solar power project.
While shares of Hazoor Multi Projects closed 1.28% higher on the NSE, the stock has experienced declines over the past year, falling 16.05% in the last 12 months and 23.39% on a year-to-date basis.