Shares of KPI Green Energy Limited saw a 5% increase to Rs 1,812 in early trading on March 11 following the company’s announcement of receiving an order for 305MWac from two subsidiaries of the Aditya Birla Group. This order is part of a wind-solar hybrid power project in Gujarat.
The company will undertake engineering, procurement, construction, and commissioning (EPCC) services for the solar project, including supply, loading, unloading, transportation, and construction. According to the exchange filing, the project is scheduled for completion in the financial year 2025-26.
By 10:58 am, the stock was trading at Rs 1,732, marking a 0.36% increase from the previous close on the NSE. Over the past year, the stock has surged by 493% on the exchanges.
This recent order win follows another significant achievement for the company, as it secured four solar projects totaling 9.40 megawatts last week. KPI Green Energy Limited and its subsidiary KPIG Energia Private Limited will undertake these projects.
In the December quarter, KPI Green posted a 47% year-on-year increase in consolidated net profit, reaching Rs 50.60 crore, driven by higher income. The company’s total revenue also surged to Rs 331.32 crore, compared to Rs 179.66 crore in the same period a year ago.
Disclaimer. LegalParivar.com advises users to consult certified experts before making any investment decisions.
