New Delhi, March 19 -- Multibagger Hazoor Multi Projects Limited has announced the incorporation of a wholly owned subsidiary, Hazoor New & Renewable Energy Private Limited, to strengthen its presence in the power and green energy sector. The newly formed entity aims to focus on renewable and non-renewable energy solutions, marking a significant step in the company's expansion strategy.

The newly incorporated subsidiary has an authorized and subscribed capital of Rs.1,00,000, divided into 10,000 equity shares with a face value of Rs.10 each. Hazoor Multi Projects holds 100 percent ownership of the subsidiary by subscribing to the entire share capital.

The primary objective of the new entity is to execute power and green energy businesse...