This power generation company receives an order for the execution of a solar power project!

Shares of this company have given multibagger returns of 140% in the past one year.

About the order 

KPI Green Energy has received the order for execution of a Solar Power Project of 35 MW capacity from Creative Technologies through KPIG Energia, a wholly owned subsidiary of the company under the ‘Captive Power Producer (CPP)’ segment. The aforementioned order is in place of the previous order of 33 MW capacity Solar Power Plant under the CPP Segment which was announced earlier in December 2022. 

Company profile 

KPI Green Energy incorporated as KPI Global Infrastructure Limited on February 01, 2008, under the Companies Act, 1956 in the state of Maharashtra vide Certificate of Incorporation issued by the Registrar of Companies, Maharashtra, Mumbai. The Company obtained a Certificate of Commencement of Business on August 22, 2008, issued by the Registrar of Companies, Maharashtra, Mumbai. 

Growth drivers 

The company is a solar power generating Company focused on providing solar power, both as an Independent Power Producer (IPP) under the brand name of ‘Solarism’ and as a service provider to Captive Power Producer (CPP) customers. It builds, owns, operates, and maintains grid-connected solar power projects as IPP and generates revenue by entering into Power Purchase Agreements (PPA) with third parties for selling power units generated through its solar projects.  

It also develops transfers, operates, and maintains grid-connected solar power projects for CPP customers and generates revenue by selling these projects to CPP customers for their captive use requirements. Both these businesses, IPP and CPP, are currently carried out from its plant located at Bharuch, Gujarat. 

Share price movement

Today, the share of KPI Green Energy Ltd opened at Rs 488 and has touched a high and low of Rs 495 and Rs 484.20, respectively. So far 4,142 shares have been traded on the bourses.

At the time of writing, the shares of KPI Green Energy India Ltd were trading at Rs 487.65, an increase of 2.30% from the previous day’s closing price of Rs 477.40 on BSE. The stock has a 52-week high and low of Rs 515.35 and Rs 191.63 respectively on BSE.