On June 07, KPI Green Energy’s share rose 3% intraday as it received the new largest single LoI from Anupam Rasayan, India firm. KPI Green Energy’s new project is for implementing a wind-solar hybrid power project of 40 MW (encompassing 21.50 MW Wind and 18.50 MW Solar) capacity from M/s Anupam Rasayan India Limited, Surat under ‘Captive Power Producer (CPP)’ business.

This largest single LoI would be a significant milestone, showcasing a robust position in the renewable energy market.

The magnitude of this LoI validates the trust and confidence placed in the company’s capabilities, practical expertise, and commitment to bringing high-quality, sustainable energy solutions. This achievement fortifies the industrial position and reinforces the firm’s commitment to the transition towards clean and renewable energy sources.

The project is planned to be accomplished in FY23-24 in various tranches.

At 11:46 am, KPI Green Energy traded Rs 543.25, up Rs 14.00, or 2.65% on the BSE.

The share moved a 52-week high of Rs 556.50 and a 52-week low of Rs 223.93 on May 18 2023, and June 07 2022, respectively.

Currently, it is trading 2.38% below its 52-week high and 142.6% above its 52-week low.