KPI Green Energy Ltd Share Price – NSE /  BSE

Power Infrastructure, Small Cap

The government of Rajasthan would facilitate the Organisation/company to obtain necessary permissions, clearances, etc. from concerned departments of the state as per the existing policies, rules, and regulations of the state government.

By signing this MOU, the company will demonstrate its mutual commitment to the growth of the renewable energy sector and our vision for a sustainable, clean energy future.

Additionally, KPI Green has announced January 3 as the record date to determine the eligibility of shareholders for its proposed bonus issue of equity shares. The bonus shares will be issued in the ratio of one equity share of Rs 5 face value for every two existing shares held. KPI Green’s board had initially recommended the bonus issue on November 14.

K.P. Energy is primarily engaged in the development of the balance of plants of wind power projects and allied services related to them, along with the generation of electricity through its own wind power-generating assets and the operation and maintenance services of the BoP of wind power projects, primarily in India.

The company’s consolidated net profit grew 19.5% to Rs 18.21 crore on 12.6% rise in net sales to Rs 127.18 crore in Q1 FY25 over Q1 FY24.

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KPI Green Energy announced the receipt of its largest-ever order for setting up of 300 MWAC (405 MWDC) Ground mounted Solar PV plant including Operation & Maintenance (O&M) services on comprehensive basis for period of 05 years from Coal India. This prestigious project not only marks a significant milestone in KPI Green Energy's growth journey but also stands as a testament to the group's unwavering commitment to sustainable energy solutions and operational excellence. This is the biggest single order achieved so far by the entire group from Central PSU.

This landmark order adds another achievement to KPI Green Energy's remarkable journey, with over 507 MW of renewable power plants successfully completed as of September 30, 2024, showcasing industry-leading efficiency. The 300 MWAC project elevates the group's renewable energy portfolio to new heights, solidifying its position as a leader in clean energy initiatives in India.

The 300 MWAC (405 MWDC) ground mounted Solar PV project will be executed on an EPC (Engineering, Procurement, and Construction) basis and is slated for completion as per the tender timelines at GIPCL's Solar Park, Khavda, Gujarat with O&M for 5 years for the Contract Price of Rs. 13.11 billion. The Project is in proximity to our ongoing project of 240 MWDC Independent Power Producer (IPP) project for Gujarat Urja Vikas Nigam Limited (GUVNL). KPI Green Energy is well-positioned to meet the aggressive timeline outlined in the tender document. The project aligns with the company's vision of delivering cutting-edge, clean energy solutions that help clients achieve their sustainability goals.

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The company will also be responsible for the project’s 5-year comprehensive operation & maintenance (O&M)

The firm stated that this project aligns perfectly with its ambitious goal of achieving 10 GW of renewable energy 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.

Coal India is a coal mining company engaged in the production and sale of coal. As of 30 September 2024, the Government of India held a 63.13% stake in the company.

Shares of KPI Green Energy fell 0.48% to Rs 785.10, while shares of Coal India gained 0.36% to Rs 418.05 on the BSE.

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KPI Green Energy will hold a meeting of the Board of Directors of the Company on 14 November 2024

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