This power generation company receives new order for executing a solar power project!

Ashwin Urkude
/ Categories: Trending, Mindshare
This power generation company receives new order for executing a solar power project!

After this announcement stock rose 2 per cent.

On March 30, 2023, KPI GREEN ENERGY informed the exchanges that it has received new orders aggregating to 10 MWdc capacity for executing a solar power project. Out of this 1 MWdc capacity· undertaken by KPI Green Energy Limited ('the Company') and 9 MWdc capacity by Sun Drops Energia Private Limited, a wholly-owned subsidiary of the company under 'Captive Power Producer (CPP)' Segment of the Company.

KPI Green Energy Limited and Sun Drops Energia Pvt Ltd, will develop the projects for respective customers as per the terms of the orders.

Execution of the development works has been commenced at the site and the entire capacity is scheduled to be completed by September 30, 2023, in various tranches as· per the terms of the order.

Today shares of KPI GREEN ENERGY LTD surged 2 per cent to Rs 428.20 with an intraday high of Rs 433.15 and a low of Rs 419.65. It has a 52-week high of Rs 510 and a 52-week low of Rs 191.63.

Currently, shares of KPI GREEN ENERGY LTD are trading at a P/B of 8.10x, and a P/E of 18.9x. ROE of 33.4 per cent and ROCE of 20.7 per cent respectively at the end of FY22.

In terms of shareholding, 54.81 per cent of the company’s shares are held by the promoters, while foreign institutions held 2.50 per cent and the public holds 42.69 per cent at the end of December 2022.

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