KPI Green Energy gains after its arm bags new orders aggregating to 6.50 MW
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KPI Green Energy is currently trading at Rs. 828.00, up by 7.35 points or 0.90% from its previous closing of Rs. 820.65 on the BSE.
The scrip opened at Rs. 833.00 and has touched a high and low of Rs. 835.00 and Rs. 824.00 respectively. So far 1306 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 953.80 on 29-Aug-2023 and a 52 week low of Rs. 346.50 on 04-Nov-2022.
Last one week high and low of the scrip stood at Rs. 845.50 and Rs. 811.30 respectively. The current market cap of the company is Rs. 2983.40 crore.
The promoters holding in the company stood at 54.83%, while Institutions and Non-Institutions held 4.24% and 40.92% respectively.
KPI Green Energy’s wholly owned subsidiary -- Sun Drops Energia has received new orders aggregating to 6.50 MW for executing solar power projects under ‘Captive Power Producer (CPP)’ Segment of the Company. Vasudev Synthetics has awarded order for 2.00 MW, while 3.00 MW from Shree Chakradhar Industries and 1.50 MW from Shree Chakradhar Synthetics.
The projects are scheduled to be completed in the financial year 2023-24, in various tranches as per the terms of the order. With addition of the orders mentioned above, cumulative orders of solar power projects, till date have crossed 106+ MW under CPP segment of the Company.
KPI Green Energy (formerly known as K.P.I. Global Infrastructure) is a solar power generating company focused on providing solar power, both as an Independent Power Producer (IPP) under the brand name of ‘Solarism’ and as service provider to Captive Power Producer (CPP) customers.
