KP Green Engineering touches roof on bagging orders worth Rs 351.35 crore
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
KP Green Engineering is currently trading at upper limit of Rs. 579.60, up by 27.60 points or 5.00% from its previous closing of Rs. 552.00 on the BSE.
The scrip opened at Rs. 578.00 and has touched a high and low of Rs. 579.60 and Rs. 563.45 respectively. So far 348000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 5 has touched a 52 week high of Rs. 716.75 on 17-May-2024 and a 52 week low of Rs. 200.00 on 22-Mar-2024.
Last one week high and low of the scrip stood at Rs. 600.00 and Rs. 521.75 respectively. The current market cap of the company is Rs. 2898.00 crore.
The promoters holding in the company stood at 90.37%, while Non-Institutions held 9.63% stake in the company.
KP Green Engineering has received new orders from multiple clients amounting to Rs 351.35 crore. Out of the total orders, the company has received order worth Rs 212.38 crore for Fixed Tilt Module Mounting Structure, Supply of Tracker Type Module Mounting Structure & Structure Part under solar projects segment and the order worth Rs 79.51 crore received for 220 kV to 400 kV Tower Material, 33 kV & 66 kV Substation Equipment Structure, Hardware, Cable Trays, GI Strip Material, GI Structure for Isolators under transmission line towers segment.
The company has also received order worth Rs 2.49 crore for 220 kV, 66 kV & 33 kV Isolators, the order worth Rs 52.54 crore received for 180 MW Pooling Substation Project, 33 kV Line Supply, the order worth Rs 4.24 crore received for Crash Barrier for Railway Track Fencing, and the order worth Rs 0.19 crore received for Ladder Cable Tray, Cable Tray.
The company intends to complete the execution of the abovementioned new orders within this financial year. This summary reflects the diverse and substantial orders it has secured across various segments, showcasing its continued growth and strong market presence.
KP Green Engineering is primarily engaged in Fabrication, Galvanizing, Fault Rectification Team, Patrolling of Optical Fiber Cables, Site Clearance Work, Solar Roof-top installation, Sale of solar electricity, EPC, Mobile tower Manufacturing and Turnkey Service Provider to Mobile and Renewable Energy Industry.
