KPI Green Energy soars on receiving credit facilities worth Rs 272 crore for hybrid power project in Gujarat
KPI Green Energy is currently trading at Rs. 400.00, up by 17.75 points or 4.64% from its previous closing of Rs. 382.25 on the BSE.
The scrip opened at Rs. 387.95 and has touched a high and low of Rs. 401.35 and Rs. 375.50 respectively. So far 120422 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 744.37 on 12-Aug-2024 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. 393.70 and Rs. 375.50 respectively. The current market cap of the company is Rs. 7853.97 crore.
The promoters holding in the company stood at 48.78%, while Institutions and Non-Institutions held 10.60% and 40.62% respectively.
KPI Green Energy has received final sanction letter from National Bank for Financing Infrastructure and Development (NaBFID) for credit facilities amounting to Rs 272 crore for the part financing of the 50MW hybrid power project comprising of 75.2MWp Solar capacity and 16.95MW Wind capacity at Bharuch, Gujarat.
This project will be developed under a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam. This project will significantly enhance company’s renewable energy portfolio and reinforce and expedite its efforts to reach the goal of 10 GW capacity by 2030.
KPI Green Energy 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.
