Hazoor Multi Projects Shines Bright with ₹913 Cr Solar EPC Win in Gujarat

Hazoor Multi Projects Ltd (HMPL) has clinched a landmark ₹913 crore Engineering, Procurement & Construction (EPC) contract from Apollo Green Energy Ltd for a 200 MW grid-connected solar PV project in Gujarat. This win marks a major leap in HMPL’s renewable energy ambitions and positions the company as a serious player in India’s green infrastructure space.

 

Key Highlights:

 

- Project Scope:

- EPC contract includes design, engineering, supply, construction, erection, testing, and commissioning of the solar plant.

- The project will be executed at GSECL’s Renewable Energy Solar Park, Khavda (Stage-3), Gujarat.

 

- Execution Timeline:

- Completion is targeted by March 2026, aligning with India’s accelerated solar capacity goals.

 

- Client & Compliance:

- Awarded by Apollo Green Energy Ltd (formerly Apollo International Ltd).

- HMPL confirmed the deal involves no related-party transactions and complies with SEBI’s LODR Regulation 30.

 

- Strategic Significance:

- Marks HMPL’s largest solar EPC contract to date.

- Strengthens its diversification beyond road infrastructure into clean energy verticals.

- Reinforces India’s push toward achieving 500 GW of non-fossil fuel capacity by 2030.

 

- Market Buzz:

- The announcement has sparked renewed investor interest, with analysts viewing it as a margin-accretive, high-visibility order that could unlock further solar opportunities.

 

With this mega win, Hazoor Multi Projects is no longer just building roads—it’s paving the way for India’s solar-powered future.

 

Source: Business Upturn, StockInsights.ai, Hazoor Multi Projects SEBI Filings