Shares of KPI Green Energy hit the roof after its arm received a new order from Adarsh Textile

KPI Green Energy’s wholly-owned subsidiary, Sun Drops Energia has received a new order of 1.60 MW from Adarsh Textile for executing a solar power project under the ‘Captive Power Producer (CPP)’ Segment of the Company. In addition to the order, the company’s cumulative orders of solar power projects, to date have crossed 139+ MW under the CPP segment of the Company. The project is scheduled to be completed in the financial year 2023-24, in various tranches as per the terms of the order.

These recent developments reinforce KPI Green Energy’s commitment to sustainable and renewable energy solutions and solidify its position as a leading player in the field. The company’s continued success in securing new projects and repeat orders highlights its dedication to achieving its renewable energy targets and contributing to a greener and more sustainable future.

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 a service provider to Captive Power Producer (CPP) customers.

At the time of writing, the stock was trading at its upper limit of Rs 1,057.40, up by 96.10 points or 10% from its previous closing of Rs 961.30 on the BSE. The scrip opened at Rs 994.70 and has touched a high and low of Rs 1,057.40 and Rs 988.55, respectively. So far 14,2449 shares were traded on the counter.

The BSE group ‘A’ stock with a  face value of Rs 10 has touched a 52-week high of Rs 1,057.40 and a 52-week low of Rs 378.48. Last one week high and low of the scrip stood at Rs 1,057.40 and Rs 861.50 respectively. The current market cap of the company is Rs 3,820.81 crore. The promoters holding in the company stood at 54.83%, while Institutions and Non-Institutions held 4.24% and 40.92%, respectively.

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