HMPL Forms Subsidiary for Power & Renewable Energy Projects
Hazoor Multi Projects Ltd (HMPL) has formed a new subsidiary, Hazoor New & Renewable Energy Pvt Ltd, to focus on power and renewable energy projects, including a 500 MW solar project in Andhra Pradesh and a 1.2 GW solar park in Maharashtra.
New Delhi, Mar 19 (PTI) Diversified player Hazoor Multi Projects Ltd (HMPL) on Wednesday said it has incorporated a new arm to undertake power and renewable energy projects.
The development comes after the company, in January, 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.
"...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.
The development comes after the company, in January, 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.
"...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.
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