KPI Green Energy witnessed a notable surge in its share price, ascending by 1.5 percent to reach the 52-week high of Rs 1,264.95 in early trade on November 28. The impetus behind this upward trajectory stems from the recent success of the company’s subsidiary, Sun Drops Energia Private Limited, in securing new orders for solar power plant projects.
As of 9:45 am, KPI Green Energy was trading at Rs 1,234.75 on BSE, marking a substantial increase of Rs 19.90, or 1.64 percent, from the previous session.
Sun Drops Energia Private Limited clinched fresh orders amounting to 4.66 MW for the execution of solar power projects falling under the ‘Captive Power Producer (CPP)’ segment. The slated completion for these projects is within the financial year 2024-25, with staggered milestones throughout.
The company reported that with the inclusion of this new order, the cumulative solar power project orders have now surpassed an impressive 143+ MW under the CPP segment.
As of 10:06 am, KPI Green Energy’s shares continued their positive trend, trading 1.57 percent higher at ₹1,233.95, reflecting the market’s favorable response to the company’s recent strides in the renewable energy sector.
