The company said that the order was received from Shree Varudi Paper Mill LLP.

The projects are scheduled to be completed in the financial year 2024-25, in various tranches as per the terms of the order, it added.

KPI Green Energy develops and maintains grid connected solar power projects and sells power units generated from the company's solar plants.

The company reported a 64.2% increase in consolidated net profit to Rs 34.75 crore in Q2 FY24 as against Rs 21.16 crore in Q2 FY23. Revenue from operations jumped 34.55% year on year to Rs 215.06 crore during the quarter ended 30 September 2023.

Shares of KPI Green Energy rose 1.10% to settle at Rs 1,423.40 on the BSE.

Stock exchanges NSE and BSE on Friday said there will be normal trading session on Saturday, 20 January 2024 from the primary site in equity and equity derivatives segments as per regular market timings. Besides, it will be a trading holiday on Monday, 22 January 2024, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya.