Hot Pursuit     08-Jul-24
KPI Green Energy gains after inking PPA with GUVNL
KPI Green Energy rallied 4% to Rs 1,853 after the company signed a power purchase agreement (PPA) for a 50MW Solar-Wind Hybrid Power Project with Gujarat Urja Vikas Nigam (GUVNL).
This project, comprising 50 MW of solar and 16.80 MW of wind, was awarded through a competitive bidding process issued by GUVNL on 1 November 2023, and secured through a reverse E-Auction on 22 January 2024.

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

The company’s consolidated net profit increased 35.4% to Rs 43.04 crore on 58.6% jump in revenue from operations to Rs 289.36 crore in Q4 FY24 over Q4 FY23.

Previous News
  ICRA upgrades ratings of KPI Green Energy to 'A' with 'positive' outlook
 ( Hot Pursuit - 05-Sep-24   11:53 )
  KPI Green Energy Ltd Slides 2.6%, BSE Utilities index Shed 1.15%
 ( Hot Pursuit - 19-Jul-24   09:30 )
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 ( Hot Pursuit - 19-Mar-24   09:30 )
  Patel Engineering Ltd leads losers in 'A' group
 ( Hot Pursuit - 30-Apr-24   15:00 )
  Dr. Faruk G. Patel acquires 16.62% stake in Sun Drops Energia
 ( Corporate News - 08-Jun-24   14:36 )
  KPI Green concludes Rs 1,000 cr QIP of equity shares
 ( Hot Pursuit - 17-Aug-24   11:47 )
  Board of KPI Green Energy recommends interim dividend
 ( Corporate News - 08-Aug-24   16:31 )
  Board of KPI Green Energy approves allotment of 1.06 cr equity shares under QIP
 ( Corporate News - 17-Aug-24   12:29 )
  KPI Green Energy signs PPA for 240MWp grid connected Solar Photovoltaic Power Project
 ( Corporate News - 02-Mar-24   16:15 )
  KPI Green Energy receives LoI for a 145.20 MW hybrid renewable energy project
 ( Corporate News - 22-Sep-23   15:19 )
  KPI Green Energy to hold board meeting
 ( Corporate News - 04-Oct-23   11:18 )
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