3,000 per cent returns: This multibagger power generation company secured orders for 800 Mega Watt Solar Photovoltaic Power Project!
Shares of the company have gained more than 60 per cent in the last six months.
KPI Green Energy Limited informed in the exchange filing that the company has emerged as the winner in the Gujarat Urja Vikas Nigam Limited (GUVNL) tender for the development of the Solar Photovoltaic Power Project.
The tender included the development of 800 MW grid-connected Solar Photovoltaic Power Projects to be set up in the Gujarat State Electricity Corporation Limited (GSECL) solar park at Khavda (GSECL Stage 2), with a Greenshoe Option of additional capacity of up to 800 MW.
The company had bid for the base capacity of 100MWAC (120MWP) and, as part of the Greenshoe Option, accepted the proposal for an additional 100MWAC (120MWP), thereby securing the full quoted capacity of 200MWAC (240MWP) grid-connected Solar Photovoltaic Power Project. The company has received the letter of intent, awarding the full quoted capacity.
KPI Green Energy Limited is engaged in solar power generation. It provides solar power, both as an independent power producer (IPP) and as a service provider (EPC contractor) to CPP customers. The company has also recently commissioned a 26.1-MW hybrid (16.1 MW wind & 10 MW solar) capacity, taking the company’s total installed IPP capacity to 98 MW.
In the last one year, the shares of the company have given more than 150 per cent returns and in the last three years, the stock gained about 3,200 per cent returns. Investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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