KPI Green Energy shares are expected to be in the spotlight on December 3, 2024, following the announcement of its largest-ever order, valued at ₹1,311 crore, from Coal India. This project marks a significant milestone for the company in the renewable energy sector.
The order involves the setup of a 300 MWAC (405 MWDC) ground-mounted solar PV plant at GIPCL’s Solar Park in Khavda, Gujarat. The project will also include comprehensive operation and maintenance (O&M) services for five years on an engineering, procurement, and construction (EPC) basis. KPI Green emerged as the successful bidder for this project on November 30, further solidifying its position as a leader in solar energy solutions.
On the financials, the company has said it reported a 101 percent year-on-year increase in Q2 net profit at ₹69.83 crore.
On the bourses, shares of KPI Green have risen in the upward direction. Their 52-week high stands at ₹1,116 which it reached on August 12, 2024, and saw a 52-week low of ₹375 on December 8, 2023. It is dealing 30.17 per cent below its 52-week high point but stands 107.8 per cent above from its 52-week low, standing reflective of strong investor interest across the counter.
This landmark order further solidifies KPI Green Energy’s position in India’s transition toward renewable energy.
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Source: Moneycontrol
News Desk
