KPI Green Energy Ltd Share Price – NSE /  BSE

Power Infrastructure, Small Cap

The company won a 250 MW AC (275MW DC) and a 370 MW AC (642 MW DC) grid connected solar photovoltaic power project for procurement of power from 500 MW grid connected solar photovoltaic power projects located at anywhere in India with greenshoe option of additional capacity upto 500MW without energy storage.

The company has a target of achieveing 10 GW capacity by 2030.

KPI Green Energy develops and maintains grid connected solar power projects and sells power units generated from the company's solar plants.

The company’s consolidated net profit surged 98.76% to Rs 66.11 crore in Q1 FY25 as compared to Rs 33.26 crore recorded in Q1 FY24. Revenue from operations climbed 83.78% year on year (YoY) to Rs 348.01 crore in Q1 FY25.

Shares of KPI Green Energy added 0.98% to Rs 805.05 on the BSE.

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KPI Green Energy has successfully signed Power Purchase Agreements (PPAs) with Gujarat Urja Vikas Nigam (GUVNL) for 620MW_AC (917MW_DC) renewable energy projects as mentioned below:

(i) 250 MW_AC (275MW_DC) grid connected Solar Photovoltaic Power Project won through competitive bidding process vide RFS No. GUVNL / 500 MW / Solar (Phase-XXIV) dated 15 March 2024 issued by GUVNL for Procurement of Power from 500 MW grid connected Solar Photovoltaic Power projects located at anywhere in India with Greenshoe option of additional capacity upto 500MW without energy storage.

(ii) 370 MW_AC (642MW_DC) grid-connected Hybrid RE Power Project won through competitive bidding process vide RFS No. GUVNL / 500 MW / Hybrid RE (Phase-II) dated 14 February 2024 issued by GUVNL for procurement of power through competitive bidding process (followed by reverse e-auction) from 500 MW Hybrid RE project (Phase - II) with Greenshoe option of additional capacity upto 500MW without energy storage.

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The final dividend of Rs.0.2 per share of Rs.10 each (2%) declared by the Board of KPI Green Energy on 25th April 2024 hereby stands changed to Rs.0.2 per share of Rs.5 per share each (4%), post effectiveness of Sub-Division of face value of equity shares from Rs.10 to Rs.5.

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KPI Green Energy has received approvals from the Chief Electrical Inspector (CEIG) (charging approval) for 5 MW of solar power project under the company's CPP business segment. This project was executed for KPIG Energia, wholly owned subsidiary of the Company.

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