Based out of UAE, Tristar is a fully integrated energy logistics business entity with a global presence in 29 countries across the regions mentioned above. It has a proven track record of safety and service excellence in serving many clients nationally and internationally in the downstream oil and gas industry.

The agreement involves the utilization of respective expertise of both the parties to identify and execute renewable energy projects, such as wind, solar, green hydrogen, and green ammonia projects across regions, which include India, Middle East, Africa, Asia Pacific, America, and Europe.

This collaboration between KP and Tristar has the potential to significantly contribute to the development of green energy solutions.

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 0.90% to currently trade at Rs 449.85 on the BSE.