Shares of KPI Green Energy hit a new 52-week high of Rs 1,263.25 at the opening bell on 28 November after the company announced that its subsidiary secured new solar power plant orders.

In its regulatory filing, the company said that its wholly-owned subsidiary, Sun Drops Energia Private Limited has received new orders of 4.66 megawatts from GVM Woven and Radhika Silk Mills for executing solar power projects under the Captive Power Producer segment.

The orders are to be commissioned in the 2024-2025 fiscal year in various tranches as per the terms of the orders.

The company said, “We are glad to inform you that, with addition of the order mentioned above, our cumulative orders of solar power projects, till date, have crossed 143+ MW under the CPP segment of the Company.”

In its quarterly report for July-September, the company reported a 57% year-on-year (YoY) in its consolidated net profit to Rs 34 crore for the quarter under review.

The consolidated revenue from operations stood at Rs 215 crore for the quarter, which is a 43% YoY increase from Rs 159 crore reported in the same quarter of the previous fiscal year.

At 11:57 am, the shares of KPI Green Energy were trading 0.72% higher at Rs 1,223.65 on NSE.