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The orders were received from various entities namely, Maker Filaments, Maker Synthetics, Savita Synthetics.
The projects are scheduled to be completed in the financial year 2023-24, in various tranches as per the terms of the order.
Further, the company's board is scheduled to meet on Wednesday, 11 October 2023, to consider proposal for raising of funds by ways of preferential issue of equity shares or any other mode, subject to all such regulatory/statutory approvals as may be required including the approval of shareholders of the company.
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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