Hot Pursuit     22-Dec-23
KPI Green gains after arm bags 1.80 MW solar power projects
KPI Green Energy advanced 2.15% to Rs 1319.25 after its wholly owned subsidiary, KPIG Energia has received new orders of 1.80 MW for executing solar power projects under captive power producer segment.
The company said that the order was received from Radhamohan Dyeing & Printing Mills.

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.

“With addition of the order mentioned above, our cumulative orders of solar power projects, till date have crossed 151+ MW under CPP segment of the company.” KPI Green stated.

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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