KPI Green Energy soars after its arm secures orders for solar power projects
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KPI Green Energy is currently trading at Rs. 892.00, up by 5.75 points or 0.65% from its previous closing of Rs. 886.25 on the BSE.
The scrip opened at Rs. 880.00 and has touched a high and low of Rs. 903.90 and Rs. 861.00 respectively. So far 15419 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 1116.00 on 12-Aug-2024 and a 52 week low of Rs. 255.46 on 12-Sep-2023.
Last one week high and low of the scrip stood at Rs. 919.00 and Rs. 861.00 respectively. The current market cap of the company is Rs. 11705.15 crore.
The promoters holding in the company stood at 53.09%, while Institutions and Non-Institutions held 6.39% and 40.51% respectively.
KPI Green Energy’s wholly owned subsidiary -- Sun Drops Energia has received Letters of Intent from Wolkem India and Mahadev Texo Fab for executing solar power projects with a cumulative capacity of 7 MW under the ‘Captive Power Producer (CPP)’ business segment of the Company. The projects are scheduled to be completed in the financial year 2024-25, in various tranches as per the terms of the order.
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.
