KPI Green Energy gains as KP Group signs MoU with Government of Republic of Botswana
KPI Green Energy is currently trading at Rs 422.10, up by 4.15 points or 0.99% from its previous closing of Rs 417.95 on the BSE.
The scrip opened at Rs 434.00 and has touched a high and low of Rs 437.40 and Rs 417.95 respectively. So far 42526 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 5 has touched a 52-week high of Rs 589.00 on 03-Jan-2025 and a 52-week low of Rs 312.95 on 29-Jan-2025.
Last one week high and low of the scrip stood at Rs 437.40 and Rs 399.45 respectively. The current market cap of the company is Rs 8311.02 crore.
The promoters holding in the company stood at 48.67%, while Institutions and Non-Institutions held 9.93% and 41.39% respectively.
KP Group has signed a Memorandum of Understanding (MoU) with the Government of the Republic of Botswana to collaborate on the development of large-scale renewable energy generation, energy storage and transmission infrastructure. The MoU marks an important milestone in KP Group’s international expansion and Botswana’s ambition to become a net-zero country by 2030. The MoU establishes a framework for cooperation on the planning, development, and implementation of renewable energy and associated transmission projects, aimed at strengthening Botswana’s energy security and positioning it as a clean power exporter within the region.
Under the MoU, KP Group and the Government of Botswana will work together to develop a host of renewable energy and infrastructure projects that would require capital investment of around $4 billion (Rs 36,000 crore). These projects are expected to help increase Botswana’s renewable energy capacity to nearly 5 GW. The collaboration envisages the upgrading and construction of high-voltage transmission lines within Botswana, as well as strengthening interconnections with neighbouring countries to enable regional power transmission.
Moreover, as part of this collaboration, KP Group will support 30 scholarships per annum for citizens of Botswana to pursue education and skill development in areas related to renewable energy, engineering, sustainability, and allied disciplines. This initiative aims to build local capacity, foster knowledge transfer, and empower Botswana’s youth to actively participate in the country’s clean energy transition.
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. The company is a part of KP Group.
