Shares of KPI Green Energy rose 1.76% to ₹533.00 in Friday’s session following an important regulatory update. The company announced that it has received charging approval for a cumulative 76.22 MW of Solar and Wind-Solar Hybrid power projects under its Captive Power Producer (CPP) segment.
The approval includes projects executed by KPI Green Energy and its subsidiary, Sun Drops Energia Private Limited. The energization clearance has been received in the name of respective clients, enabling them to start drawing power, marking a critical operational milestone.
As of 9:40 AM, KPI Green Energy shares were trading at ₹533.00, up ₹9.20 from the previous close of ₹523.80. The stock hit an intraday high of ₹537.45 and a low of ₹521.15. The company’s current market cap stands at ₹10,523 crore with a P/E ratio of 33.25. Its 52-week range is ₹313.40 to ₹745.33.
The market welcomed the development as a sign of growing traction in the company’s CPP segment. KPI Green continues to diversify its renewable portfolio and strengthen its client relationships in solar and hybrid energy solutions.
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