KPI Green Energy soars as its arm getting 445 MW/890 MWh Battery Storage Projects
KPI Green Energy is currently trading at Rs. 500.30, up by 14.90 points or 3.07% from its previous closing of Rs. 485.40 on the BSE.
The scrip opened at Rs. 486.65 and has touched a high and low of Rs. 506.80 and Rs. 486.65 respectively. So far 122694 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. 513.60 and Rs. 400.35 respectively. The current market cap of the company is Rs. 9734.84 crore.
The promoters holding in the company stood at 48.67%, while Institutions and Non-Institutions held 9.93% and 41.39% respectively.
KPI Green Energy’s subsidiary -- Sun Drops Energia has secured a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam (GUVNL) for the development of self-owned IPP Standalone Battery Energy Storage System (BESS) Projects with an aggregate capacity of 445 MW / 890 MWh to be set up at multiple locations in the State of Gujarat. The project represents two important firsts for the Group: its maiden utility-scale IPP BESS project and its first BESS project awarded by a major government body. This development marks the Group’s expansion into the BESS segment, representing its entry into utility-scale Battery Energy Storage Systems and adding a strategic new asset class to its existing renewable energy portfolio of solar, wind and hybrid power projects.
Standalone Battery Energy Storage System (BESS) projects are grid-connected energy storage facilities that operate independently of any specific solar or wind power plant and are used by utilities to store electricity during off-peak periods and supply power during peak demand periods. Standalone BESS projects of this scale are emerging as critical infrastructure for grid reliability, peak power management, and renewable energy integration, and the award underscores the company’s expanding capabilities across emerging clean energy segments. The development further reflects the company’s growing capabilities to participate in large-scale, policy-backed infrastructure projects within the evolving clean energy ecosystem.
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.
