KPI Green Energy said that it has obtained approvals from the chief electrical inspector (CEIG) for 28.28 MW of solar power projects under CPP business segment.
The said projects were executed for its esteemed client, KPI Green Energy, and KPIG Energia, a wholly owned subsidiary of the company. Furthermore, the approval from the chief electrical inspector (CEIG) has been received in the name of the respective client.KPI Green Energy develops and maintains grid-connected solar power projects and sells power units generated from the company's solar plants.
The companys consolidated net profit surged 98.76% to Rs 66.11 crore in Q1 FY25 as compared to Rs 33.26 crore recorded in Q1 FY24. Revenue from operations climbed 83.78% year on year (YoY) to Rs 348.01 crore in Q1 FY25.
Shares of KPI Green Energy shed 0.89% to currently trade at Rs 798.40 on the BSE.
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