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KPI Green Energy shares gain 2.5% on securing 12.10 MW solar projects

Oct 6, 2023

By: BlinkX Research Team

KPI Green Energy Limited stocks rally on Friday morning trade as the company received new orders.

As per the filing, the work order is aggregating to 12.10 MW for executing solar power projects, out of which 3.10 MW capacity undertaken by the Company and 9 MW capacity by Sun Drops Energia Private Limited, a wholly owned subsidiary of the Company under 'Captive Power Producer (CPP)' Segment of the Company.

At around 10:20 AM on Friday, shares of KPI Green Energy were trading at Rs906.15 per share higher by 2.49% on the BSE.

The orders are received from:

Ashoka Dyeing & Printing Mills Pvt. Ltd.- 1.90 MW
Vibrant Processors Pvt. Ltd.- 1.20 MW
Dhanpriya Prints Pvt. Ltd.- 3 MW
Sumicot Limited- 3 MW
Varsha Dyeing & Printing Mills Pvt. Ltd.- 3 MW

“The projects are scheduled to be completed in the financial year 2023-24, in various tranches as per the terms of the order”, the company said in a regulatory filing.