Shares of KPI Green Energy were locked at 5% upper circuit on 5 February after the company secured a 15-megawatt solar power project.

In its regulatory filing, the company said that its wholly-owned subsidiary, KPIG Energia Private Limited, Secured a new order of 15 megawatts for executing a solar power project under the captive power producer (CPP) segment from Aether Industries.

The project has to be executed in the upcoming fiscal year in various tranches as per the terms of the order.

In January, the subsidiary received a new order of 5 megawatts for executing solar power projects from Skywin Paper Industries Private Limited. Moreover, the arm bagged a 5.60-megawatt solar power project from Shree Varudi Paper Mill LLP that has to be executed in the fiscal year 2024-25.

At 3:15 pm, the shares of KPI Green Energy were locked 5% higher at Rs 2,193 on NSE.