Hot Pursuit     09-Jun-23
KPI Green hits all time high on receiving commissioning certificates from GEDA
KPI Green Energy rallied 4.62% to Rs 562 after the company obtained the commissioning certificate from Gujarat Energy Development Agency (GEDA) for capacity 7.20 MW wind-solar hybrid power project under its Captive Power Producer (CPP) segment.
The project comprises of 4.20MW wind and 3MWdc solar capacity for the company's client Nouveau Jewellery LLP, Surat.

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 scrip hit an all time high of Rs 575.35 in intraday today on the BSE.

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