KPI Green Energy Ltd Share Price – NSE  /  BSE

Power Infrastructure, Small Cap

KPI Green Energy has received a Letter of Award (LOA) from Maharashtra State Power Generation Co. (MAHAGENCO). This award is for the development of a 100MWAC Solar Power Project, which includes an EPC package with land and three years of Operation and Maintenance (O&M). The project is part of the tender for the development of a cumulative capacity of 600 MWAC Solar-PV Power Projects at various locations in Maharashtra under the RE Bundling Scheme, as per RFX No. 3000042146 issued by MAHAGENCO.

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KPI Green Energy has received an order from Aether Industries for a 100 MW Hybrid Captive Solar Power Project under the Captive Power Producer (CPP) segment of the company.

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KPI Green Energy Ltd fell 2.6% today to trade at Rs 1042.5. The BSE Utilities index is down 1.15% to quote at 6208.3. The index is up 0.75 % over last one month. Among the other constituents of the index, Antony Waste Handling Cell Ltd decreased 2.23% and RattanIndia Power Ltd lost 2.22% on the day. The BSE Utilities index went up 98.08 % over last one year compared to the 20.33% surge in benchmark SENSEX.

KPI Green Energy Ltd has added 16.08% over last one month compared to 0.75% gain in BSE Utilities index and 5.13% rise in the SENSEX. On the BSE, 44058 shares were traded in the counter so far compared with average daily volumes of 38341 shares in the past one month. The stock hit a record high of Rs 1083.95 on 19 Jul 2024. The stock hit a 52-week low of Rs 248.34 on 02 Aug 2023.

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This project, comprising 50 MW of solar and 16.80 MW of wind, was awarded through a competitive bidding process issued by GUVNL on 1 November 2023, and secured through a reverse E-Auction on 22 January 2024.

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 increased 35.4% to Rs 43.04 crore on 58.6% jump in revenue from operations to Rs 289.36 crore in Q4 FY24 over Q4 FY23.

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