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Out of 9.70 MW capacity, 4.70 MW capacity will be undertaken by KPI Green and 5 MW capacity by Sun Drops Energia, a wholly owned subsidiary of the company.
The project is scheduled to be completed in the financial year 2023-24, in various tranches as per the terms of the order.
KPI Green Energy (formerly known as K.P.I. Global Infrastructure) generates and sells solar power under 'Solarism' brand name in India. It develops, builds, owns, operates, and maintains solar power plants as an independent power producer and captive power producer.
The company's consolidated net profit surged 49.6% to Rs 33.26 crore on 54.8% jump in net sales to Rs 189.36 crore in Q1 FY24 over Q1 FY23.
The scrip slipped 3.87% to currently trade at Rs 907.80 on the BSE.
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