KPI Green Energy soars on bagging work order from GSECL
KPI Green Energy is currently trading at Rs. 442.75, up by 13.45 points or 3.13% from its previous closing of Rs. 429.30 on the BSE.
The scrip opened at Rs. 439.00 and has touched a high and low of Rs. 447.80 and Rs. 420.00 respectively. So far 93914 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. 447.80 and Rs. 412.00 respectively. The current market cap of the company is Rs. 8708.66 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 has received a work order from Gujarat State Electricity Corporation (GSECL) for the engineering, procurement and construction (EPC) of a 142 MW (DC) / 110 MW (AC) floating solar photovoltaic (FSPV) project at the reservoir of the Kadana Dam in Mahisagar district, Gujarat.
This marks a landmark contract for KPI Green Energy and underscores the company’s growing leadership in large-scale renewable energy infrastructure. The floating solar project represents a strategic diversification for the company--combining solar power generation with innovative floating PV technology--and positions KPI Green Energy as a premier EPC solutions provider across ground-mounted, rooftop, and now floating solar segments.
The project involves full turnkey scope--design, engineering, procurement, construction, and installation of the floating PV system, along with grid-connection infrastructure, including a 33 kV underground transmission line to the pooling station, and 33/220 kV bays at the Kadana substation. A comprehensive 10-year operation & maintenance (O&M) contract is included. The project is slated for completion within the period of 18 months.
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.
