KPI Green Energy hits 52-week high on getting commissioning certificates from GEDA

At 2 pm, the shares of KPI Green Energy were trading at Rs 909.60, up by 5.00% from its previous closing of Rs 866.25 on the BSE. 

KPI Green Energy has received commissioning certificates from Gujarat Energy Development Agency (GEDA) for 4.10MW wind-solar hybrid power project comprising 2.10MW wind and 2MWdc solar capacity, being its own power generating asset portfolio, at Samoj site in Jambusar, Dist. Bharuch, Gujarat, under the Gujarat Wind-Solar Hybrid Power policy 2018. 

The Company has made necessary arrangements for selling the power generated out of this wind-solar hybrid power project to the Commercial and Industrial (C&I) clients. 

Incorporated in 2008, KPI Green Energy (formerly known as K.P.I. Global Infrastructure) 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 service provider to Captive Power Producer (CPP) customers. 

Recently, the company has also entered into a Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT), a subsidiary of MPBCDC, a government undertaking of Maharashtra. 

On Friday, the stock opened at Rs 884.95 and has touched a high and low of Rs 935.00 and Rs 875.00 respectively.  

The BSE group ‘A’ stock of face value Rs 10 has touched a 52 week high and low of Rs 935.00 and Rs 345.00, respectively. 

Last one week high and low of the scrip stood at Rs 935.00 and Rs 815.10 respectively. The current market cap of the company is Rs 3282.77 crore. 

The promoters holding in the company stood at 54.81%, while Institutions and Non-Institutions held 3.54% and 41.65% respectively. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.