KPI Green Energy saw a surge of 6 percent in afternoon trade on November 3, following the announcement that its subsidiary, Sun Drops Energia Private Limited, secured orders for 5.70 MW solar power projects under the Captive Power Producer (CPP) segment. This development pushed the cumulative orders for solar power projects under the CPP segment to over 112 MW. The projects are slated to be completed in various tranches during the financial year 2023-24.
Moreover, Sun Drops Energia also secured an order for a wind-solar hybrid power project from CTX Life Sciences Pvt. Ltd., marking another significant milestone for the company.
Earlier this month, KPI Green Energy, in collaboration with Advait Infratech, signed a memorandum of understanding with the Uttarakhand government for the development of a 500 MW solar park, further solidifying the company’s position in the renewable energy sector.
As of 2:25 pm, the company’s stock was trading at ₹866.25 on the National Stock Exchange (NSE), reflecting a 4.79 percent increase from the previous close. The positive market response underscores investor confidence in KPI Green Energy’s expanding portfolio and its strategic initiatives in the renewable energy market.