Hot Pursuit     08-Jun-23
KPI Green hits record high on receving commissioning certificates from GEDA
KPI Green Energy rallied 4.50% to Rs 563.85 after the company received commissioning certificates from Gujarat Energy Development Agency (GEDA) for 26.10 MW wind-solar hybrid power project under independent power producer (IPP) segment.
The company received certificates from GEDA for 26.10 MW wind-solar hybrid power project comprising 16.10 MW wind and 10 MW solar capacity at Bhungar site in Bhavnagar, Gujarat.

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 to Rs 31.78 crore in Q4 FY23 as compared with Rs 9.86 crore in Q4 FY22. Net sales surged 143.6% year on year to Rs 182.40 crore in Q4 FY23 over Q4 FY22.

The counter hit an all time high of Rs 568.70 on the BSE.

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