KPI Green Energy Ltd Share Price – NSE  /  BSE

Power Infrastructure, Small Cap

KPI Green Energy will hold a meeting of the Board of Directors of the Company on 25 April 2024.

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The company had participated under the ‘EPC package with land to develop cumulative capacity 600 MW solar-PV power projects at various locations in Maharashtra under RE bundling scheme’ issued by MAHAGENCO.

This tender was for the development of cumulative capacity of 600 MW solar-PV power projects at various locations in Maharashtra under RE bundling scheme.

The power generation company received the letter of intent from MAHAGENCO on 15 March 2024, awarding KPI Green the 100 MW solar power project.

The firm shall develop the project as per the terms and conditions mentioned in the tender document issued by MAHAGENCO.

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 46.87% to Rs 50.60 crore on 84.20% jump in revenue from operations to Rs 330.11 crore in Q3 FY24 over Q3 FY23.

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The 50 MW wind-solar hybrid power project, comprises of 16.80 MW wind and 50MW solar.

The company had participated in the competitive bidding process under the ‘procurement of power through competitive bidding process issued by GUVNL on 1 November 2023, followed by a reverse e-auction held on 22 January 2024. This tender was for the development of 500 MW hybrid renewable power projects with a greenshoe option of additional capacity up to 500 MW.

The firm received letter of intent (LoI) for 50MW wind-solar hybrid power project on 14 March 2024. The power purchase agreement (PPA) with GUVNL shall be executed after obtaining the approval of the Gujarat Electricity Regulatory Commission (GERC).

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 46.87% to Rs 50.60 crore on 84.20% jump in revenue from operations to Rs 330.11 crore in Q3 FY24 over Q3 FY23.

The scrip fell 3.25% to trade at Rs 1,438.75 on the BSE.

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Prestige Estates Projects Ltd, Sterling & Wilson Renewable Energy Ltd, Greenpanel Industries Ltd and Archean Chemical Industries Ltd are among the other losers in the BSE's 'A' group today, 14 March 2024.

KPI Green Energy Ltd lost 5.00% to Rs 1473.85 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 19367 shares were traded on the counter so far as against the average daily volumes of 79821 shares in the past one month.

Prestige Estates Projects Ltd tumbled 4.98% to Rs 1070.75. The stock was the second biggest loser in 'A' group.On the BSE, 64074 shares were traded on the counter so far as against the average daily volumes of 22771 shares in the past one month.

Sterling & Wilson Renewable Energy Ltd crashed 3.61% to Rs 496. The stock was the third biggest loser in 'A' group.On the BSE, 4.04 lakh shares were traded on the counter so far as against the average daily volumes of 94290 shares in the past one month.

Greenpanel Industries Ltd corrected 3.02% to Rs 321.05. The stock was the fourth biggest loser in 'A' group.On the BSE, 65188 shares were traded on the counter so far as against the average daily volumes of 20586 shares in the past one month.

Archean Chemical Industries Ltd slipped 3.00% to Rs 587.45. The stock was the fifth biggest loser in 'A' group.On the BSE, 27925 shares were traded on the counter so far as against the average daily volumes of 73463 shares in the past one month.

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