Hazoor Multi Projects Ltd Shares Soar as Company Bags Major Contracts
Mumbai: Shares of Hazoor Multi Projects Ltd (HMPL) surged on Tuesday, August 19, 2025, as equity benchmark indices climbed, extending the previous day's rally. The company has also announced significant developments in its renewable energy and drilling rig segments.
Hazoor Multi Projects LtdRenewable EnergyDrilling RigStock MarketSolar ProjectsReal Estate MumbaiAug 19, 2025
HMPL forms subsidiary to undertake power, RE projects
Meanwhile, the company has incorporated a new arm to undertake power and renewable energy projects. The development comes after the company informed about its plans to set up a 500 MW solar project in Andhra Pradesh at an investment of Rs 2,500 crore, last month, and a 1.2 GW capacity solar park in Solapur, Maharashtra in January. “...a wholly owned subsidiary in the name of Hazoor New & Renewable Energy Pvt Ltd has been incorporated...and except HMPL no promoter/promoter group/group companies have any interest in the entity,” HMPL said in a regulatory filing. The subsidiary has been incorporated for the execution of power and green energy business, the company said. Hazoor New & Renewable Energy Pvt Ltd is a related party of HMPL, the filing said. Mumbai-based HMPL provides engineering, procurement and construction services in renewable energy and building road projects segments.
Bags Rs 280 crore order from Oil India
Hazoor Multi Projects recently announced that one of its arms has bagged a Rs 280.1 crore order from Oil India Ltd to rent out a drilling rig. The state-owned 'Maharatna' company has given the contract to Quippo Oil and Gas Infrastructure, which was acquired by Hazoor recently. This significant contract is expected to boost HMPL's financial performance and strengthen its position in the drilling and oil services sector.
Frequently Asked Questions
What recent development has boosted Hazoor Multi Projects Ltd's stock?
Hazoor Multi Projects Ltd's stock has surged due to equity benchmark indices climbing and the company's recent significant contracts, including a Rs 280.1 crore order from Oil India Ltd to rent out a drilling rig.
What is Hazoor Multi Projects Ltd's new subsidiary for?
Hazoor Multi Projects Ltd has formed a new subsidiary, Hazoor New & Renewable Energy Pvt Ltd, to undertake power and renewable energy projects, including a 500 MW solar project in Andhra Pradesh and a 1.2 GW solar park in Solapur, Maharashtra.
What is the significance of the Rs 280.1 crore order from Oil India Ltd?
The Rs 280.1 crore order from Oil India Ltd is significant as it strengthens Hazoor Multi Projects Ltd's position in the drilling and oil services sector and is expected to boost the company's financial performance.
What services does Hazoor Multi Projects Ltd provide?
Hazoor Multi Projects Ltd provides engineering, procurement, and construction services in renewable energy and building road projects segments. The company is based in Mumbai and is a diversified player in the infrastructure and energy sectors.
How has the trading volume of HMPL's stock been recently?
The trading volume of HMPL's stock has seen a significant increase, with 14.26 lakh shares changing hands on the day of the report, which is higher than the two-week average volume of 4.81 lakh shares.
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