
Infra-to-energy player Hazoor Multi Projects Ltd has reaffirmed its commitment to the Rs 913 crore solar project stating that it will arrange the necessary financing from Apollo Green Energy Limited (formally known as Apollo International Limited). The project aimed at executing a 200 MW grid-connected solar photovoltaic (PV) project in Gujarat is a significant step towards sustainable energy. The project will be located at the Gujarat State Electricity Corporations (GSECL) Renewable Energy Solar Park in Khavda (Stage-3). “Regarding the letter of award to Hazoor Multi Projects Ltd from Apollo Green Energy Limited (AGEL) for NHPC -200 MW Engineering Procurement & Construction (EPC) Contract for Design Engineering Supply Construction Erection Testing and Commissioning of 200 MW Grid connected Solar PV Power Project in GSECLs RE Solar Park at Khavda (Stage-3) in Gujarat we wish to informand clarify the stock exchange that the Company will arrange necessary financing for the above project value of ₹913 crore” the company informed BSE in an exchange filing. The work includes designing supplying constructing testing and commissioning the solar power plant according to a regulatory filing. The order needs to be executed by March 2026. Details Of Amendment Sharing the details of the amendment the company said that as per the original exchange filing Hazoor Multi Project was set to share 5 per cent of the contract value with AGEL. However now AGEL mentions that they will share 5 per cent of the contract value in lieu of financing the project. Share Price Today Meanwhile the stock of the company started the session in the green even as the market started in the red as investors stayed on the sidelines ahead of the formal announcement of a trade deal with the US. It gained further to touch the high of Rs 47.45 before falling to touch the intraday low of Rs 43.21. The stocks performance was influenced by [specific factors] leading to a fall of 4.46 per cent and last seen trading at Rs 43.90. The counter has given a multibagger return of 221 per cent in two years a term used to describe a stock that has provided returns multiple times its initial investment but has corrected 17.69 per cent so far this year.
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