In early trading on February 16, KPI Green Energy’s share price soared, hitting a 5 percent upper circuit. This surge came in the wake of the company’s subsidiary securing a significant contract for a 1.5 MW solar power project.
Notably, there were pending buy orders for 65,533 shares, with no sellers available in the market.
KPIG Energia Private Limited, a wholly-owned subsidiary of KPI Green Energy, clinched a new order for a 1.5 MW solar power project under the ‘Captive Power Producer (CPP) segment for Pruthvi Textile. The project is slated for completion within the financial year 2024-25, adding to the company’s renewable energy portfolio.
As of 10:04 am the shares were trading 5% higher at ₹1,475.60
