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25-09-2023 04:03 PM | Source: Accord Fintech
KPI Green Energy rises on getting Letter of Intent from Ayana Renewable Power Four

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KPI Green Energy is currently trading at Rs. 824.00, up by 1.30 points or 0.16% from its previous closing of Rs. 822.70 on the BSE.

The scrip opened at Rs. 826.80 and has touched a high and low of Rs. 838.75 and Rs. 812.70 respectively. So far 12418 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. 345.00 on 31-Oct-2022.

Last one week high and low of the scrip stood at Rs. 880.30 and Rs. 792.35 respectively. The current market cap of the company is Rs. 2977.08 crore.

The promoters holding in the company stood at 54.81%, while Institutions and Non-Institutions held 3.54% and 41.65% respectively.

KPI Green Energy has been awarded a Letter of Intent (LoI) for a 145.20 MW Wind-Solar Hybrid Power Project (comprising 145.20 MW Wind and 50 MW Solar) by M/s Ayana Renewable Power Four, based in Bangalore. This project will be located in the state of Gujarat and falls under the company’s Captive Power Producer (CPP) business segment.

Additionally, the company will be responsible for providing a range of services, including Engineering, Procurement, Construction and Commissioning (EPCC). This entails tasks such as land acquisition, design, manufacturing, supply, construction, erection, testing, and commissioning for the balance of plant, as well as the facilitating power evacuation facilities and securing the necessary approvals and permits for the Project.

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.