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KPI Green Energy announced, "we have successfully commissioned 26.10 MW wind-solar hybrid power project comprising 16.10MW wind and 10MWd solar capacity, being our own power generating asset portfolio, at Bhungar site in Bhavnagar, Gujarat, under the Gujarat Wind-Solar Hybrid Power policy 2018.
The Company has made necessary arrangements for selling the power generated out of this wind-solar hybrid power project to the Commercial and Industrial (C&l) clients."
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 stood at Rs 34.46 crore in Q3 FY23, steeply higher than Rs 13.14 crore in recorded Q3 FY22. Net sales surged 188.1% year on year to Rs 179.21 crore in Q3 FY23.
The scrip rose 0.97% to settle at Rs 485.45 on Tuesday, 25 April 2023.
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