Shares of KPI Green Energy Ltd were trading 3% higher on 5 January after the company announced that its subsidiary received a solar power project.

In its regulatory filing, the company said that the company’s wholly-owned subsidiary, KPIG Energia Private Limited, has secured a new order of 3 megawatts for executing solar power projects under the Captive Power Producer (CPP) Segment.

As per the terms of the order, the company has to complete the projects in the fiscal year 2024-25 in various tranches.

On 3 January, the company informed the exchanges that KPIG Energia Private Limited had secured an order from Radhey Krishna Terene and Jay Metal Tech for executing a 2.1-megawatt solar power project under the CPP segment that has to be completed in the upcoming fiscal year 2024-25.

In a separate filing on 1 January, the company announced that the Board of Directors of the company have considered and approved the issue of bonus equity shares in the proportion of 1:2, wherein one equity share of Rs 10 each is awarded to its shareholders for every 2 equity shares of Rs 10 held by the shareholders.

At 3:00 pm, the shares of KPI Green were trading 0.46% higher at Rs 1,410 on NSE.