Hazoor Multi Projects to Establish 500 MW Solar Park in Andhra Pradesh

Hazoor Multi Projects Limited (HMPL) has proposed a 500-megawatt solar power project in Andhra Pradesh. The investment of ₹2,500 crore will facilitate the development of a large-scale renewable energy initiative in Prakasam district.

Proposal and Government Support

HMPL has submitted a proposal to set up a solar park over 2,000 acres in Prakasam district. The Andhra Pradesh government has acknowledged the proposal, with the New & Renewable Energy Development Corporation (NREDCAP) set to oversee the successful execution of the project. The state authorities have requested HMPL to submit a detailed project report (DPR) for further evaluation.

Expansion in Renewable Energy

HMPL has been actively expanding its presence in the renewable energy sector. Last week, the company announced its entry into the domestic clean energy market with a 1.2 GW renewable energy project spread across 4,200 acres in Maharashtra. Additionally, HMPL continues its involvement in road construction projects on an engineering, procurement, and construction (EPC) basis.

About HMPL

Hazoor Multi Projects Limited (HMPL), established in 1992, is an Indian company specialising in infrastructure development and real estate. The company operates as an Engineering, Procurement, and Construction (EPC) contractor, focusing primarily on road construction projects. HMPL has undertaken various national highway projects awarded by government authorities, including the Maharashtra State Road Development Corporation Ltd. and the National Highways Authority of India.

HMPL Share Performance

As of February 03, 2025, at 2:10 PM, HMPL shares are trading at ₹54.20, up 0.67% from yesterday. The stock has fallen 5.03% over the past month and has a 52-week range of ₹63.90 to ₹28.41.

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