Hazoor Multi Projects Limited has taken a strategic leap in the energy sector by incorporating a wholly owned subsidiary, Hazoor New & Renewable Energy Private Limited. This move is aimed at strengthening the company’s presence in the power and green energy domain, aligning with global trends towards sustainable energy adoption. The formation of this entity marks a significant step in Hazoor Multi Projects’ expansion strategy, reinforcing its commitment to clean energy solutions.

As of 3:30 PM IST, Hazoor Multi Projects share price was at ₹41.51, a 3.53% decrease from its previous close.

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Subsidiary Details and Key Objectives

The newly established subsidiary comes with an authorized and subscribed capital of ₹1,00,000, divided into 10,000 equity shares with a face value of ₹10 per share. Hazoor Multi Projects holds 100% ownership by fully subscribing to the company’s share capital.

The primary mission of Hazoor New & Renewable Energy is to develop and execute power and energy solutions, with a focus on renewable and non-renewable resources. The entity will actively participate in the design, research, manufacturing, production, processing, and sales of various energy technologies, including:

• Solar energy solutions – solar panels, solar cells, and photovoltaic systems
• Wind energy technologies – wind turbines and hybrid energy solutions
• Bioenergy and fuel cells – biomass, biogas, and hydrogen fuel cell advancements
• Geothermal and hydropower – innovative solutions harnessing Earth’s natural energy sources
• Tidal and wave energy – marine and hydrokinetic energy systems
   

Beyond energy production, the subsidiary will contribute to infrastructure development by investing in smart grid technology, energy storage solutions, and power distribution networks. This will enable collaboration with government agencies, electricity boards, and private corporations, ensuring efficient energy management and supply.

Strategic Intent and Market Expansion

The incorporation of Hazoor New & Renewable Energy is part of Hazoor Multi Projects’ broader vision to diversify its business model and strengthen its green energy portfolio. By focusing on sustainable energy solutions, the company aims to play a crucial role in India’s clean energy transition.

The entity will also explore technological advancements in energy generation, such as AI-driven energy management systems, battery storage innovations, and smart metering solutions. This approach will not only enhance energy efficiency but also contribute to the government’s renewable energy targets.

Additionally, the company is expected to collaborate with global and domestic partners to integrate advanced energy solutions and expand its footprint in the renewable sector. This move aligns with India’s goal of achieving 500 GW of non-fossil fuel energy capacity by 2030, as outlined in the country’s renewable energy roadmap.

Transaction Classification and Financial Considerations

The establishment of the subsidiary is classified as a related party transaction due to its direct ownership by Hazoor Multi Projects. However, the company has clarified that no promoter, promoter group, or affiliated entities hold any interest in the subsidiary apart from Hazoor Multi Projects’ ownership.

Since this is a direct incorporation, no regulatory or governmental approvals were necessary. The transaction was executed entirely in cash, with Hazoor Multi Projects subscribing to the full share capital of the subsidiary.

Stock Performance and Investor Confidence

Hazoor Multi Projects has witnessed remarkable stock market performance, reflecting strong investor confidence in its growth potential. Over the past year, the stock has gained over 31%, demonstrating resilience and market interest.

In March alone, the stock price surged by 23%, recovering from a 37% dip in February, while it recorded a 7% rise in January. Over the last two years, the stock has delivered multibagger returns, soaring by more than 364%.

The company’s expansion into renewable energy is expected to further enhance its market valuation, attract long-term investors, and strengthen its financial stability. By tapping into the growing green energy sector, Hazoor Multi Projects is positioning itself as a key player in the future of sustainable energy solutions.