KPI Green Energy jumps on bagging LoAs worth Rs 696.50 crore
KPI Green Energy is currently trading at Rs. 477.60, up by 18.85 points or 4.11% from its previous closing of Rs. 458.75 on the BSE.
The scrip opened at Rs. 460.75 and has touched a high and low of Rs. 480.80 and Rs. 460.50 respectively. So far 58934 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. 480.80 and Rs. 435.00 respectively. The current market cap of the company is Rs. 9427.97 crore.
The promoters holding in the company stood at 48.67%, while Institutions and Non-Institutions held 9.02% and 42.31% respectively.
KPI Green Energy has received three distinct Letters of Award (LoAs) aggregating to Rs 696.50 crore from SJVN (A Government of India Enterprise) for a major 200 MW (AC) Solar Power Project at the GIPCL Renewable Energy Park, Khavda, Gujarat. The project encompasses a full-scope EPC (Engineering, Procurement, and Construction) package followed by a long-term Operation & Maintenance (O&M) contract.
The three distinct Letters of Award are as follows: The company has received first contract worth Rs 486.89 crore (excluding GST) for the supply of all plant and equipment at site; the company has secured second contract worth Rs 178.27 crore (excluding GST) for erection, testing, commissioning, civil & structural works. The company has received third contract worth Rs 31.34 crore (excluding GST) for comprehensive operation & maintenance for the period of 3 years from Commercial Operation Date (COD).
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.
