Shares of KPI Green Energy Ltd rose 2.58% to ₹395.10 in Monday’s trade, even as the company announced the termination of a major order due to technical revisions. The stock opened at ₹394.05 and touched an intraday high of ₹407.00, indicating investor confidence despite the development.
In an exchange filing, the company stated that it has terminated the order from M/s Sai Bandhan Infinium Pvt. Ltd. for a 66.20 MW Hybrid Power Project under its Captive Power Producer (CPP) segment. The reason cited was a change in project technical requirements after the order had already been placed.
The cancellation refers to an order originally communicated by the company on September 25, 2024, and the update falls under Regulation 30 of SEBI (LODR) Regulations, 2015.
Despite this cancellation, shares remained firm, likely reflecting investor confidence in the company’s broader project pipeline and growth outlook.
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