Hot Pursuit     12-Jan-24
KPI Green arm bags 2 MW solar power project
The power generation company on Thursday announced that its wholly owned subsidiary, KPIG Energia has received new order of 2 megawatt (MW) for executing solar power project under captive power producer (CPP) segment.

The company said that the order was received from Sanwariya Processors.

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.

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

The power generation company reported a 64.2% increase in consolidated net profit to Rs 34.75 crore in Q2 FY24 as against Rs 21.16 crore in Q2 FY23. Revenue from operations jumped 34.55% year on year to Rs 215.06 crore during the quarter ended 30 September 2023.

Shares of KPI Green Energy advanced 2.37% to settle at Rs 1,495.30 on the BSE.

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