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The said order includes 145.20 MW wind-solar hybrid power project (comprising 145.20 MW wind and 50 MW solar). This project will be located in the state of Gujarat and falls under the company's 'captive power producer (CPP)' business segment.
Additionally, the company will be responsible for providing a range of services, including engineering, procurement, construction, and commissioning (EPCC). This entails tasks such as land acquisition, design, manufacturing, supply, construction, erection, testing, and commissioning for the balance of plant, as well as the facilitating power evacuation facilities and securing the necessary approvals and permits for the project.
The project is scheduled to be completed in the financial year 2024-25.
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
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