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KPI Green Energy Rally 4% on Securing 4.40 MW Solar Power Projects

The project is estimated to be completed within the financial year 2024-25.

Shares of KPI Green Energy were trading in the green and 4% higher on 4 December after the company announced that its wholly-owned subsidiary secured new orders.

In its regulatory filing, the company said that it had received orders of 4.40 megawatts from Umang Fabrics, Vinayak Plasto Packs and Viraj Industries for executing solar power projects in the captive power producer (CPP) segment.

The projects are to be executed in various trenches in 2024-25 as per the terms of the order.

With the addition of these orders, the company’s cumulative orders of solar power projects have crossed 148+ megawatts under the CPP segment.

In November, the subsidiary of the company received orders of 4.66 megawatts for executing solar power projects under the CPP segment. It had also received orders for 5.70-megawatt solar power projects under the CPP segment.

At 12.07 pm, the shares of KPI Green Energy were trading 1.37% higher at Rs 1,168.25 on NSE.

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