Deals7 Jul 2025, 04:41 pm
Hazoor Multi Projects Secures $913 Crore EPC Contract with Apollo Green Energy for 200 MW Solar Project
AI Summary
Hazoor Multi Projects Limited (HMPL) has been awarded a 200 MW Grid-connected Solar PV Power Project in GSECL's RE Solar Park at Khavda (Stage-3) in Gujarat by Apollo Green Energy Limited (AGEL). The project is valued at Rs. 913 Crore. HMPL will arrange necessary financing for the project. Originally, HMPL was to share 5% of the EPC Contract Value with AGEL, but for clarity, AGEL will now share 5% of the Contract Value in lieu of financing the project. This change brings better clarity to the fixed margin in this arrangement.
Key Highlights
- Hazoor Multi Projects Limited secures a $913 Crore EPC contract with Apollo Green Energy Limited
- The project is a 200 MW Grid-connected Solar PV Power Project in GSECL's RE Solar Park at Khavda (Stage-3) in Gujarat
- HMPL will arrange necessary financing for the project
- AGEL will share 5% of the Contract Value in lieu of financing the project
- This arrangement brings better clarity to the fixed margin