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K P I Global Infrastructure Ltd.

BSE: 542323 Sector: Infrastructure
NSE: KPIGLOBAL ISIN Code: INE542W01017
BSE 00:00 | 17 Sep 134.10 -4.55
(-3.28%)
OPEN

141.00

HIGH

141.15

LOW

132.20

NSE 00:00 | 17 Sep 134.95 -3.45
(-2.49%)
OPEN

139.00

HIGH

141.00

LOW

132.50

OPEN 141.00
PREVIOUS CLOSE 138.65
VOLUME 46945
52-Week high 163.60
52-Week low 33.90
P/E 7.65
Mkt Cap.(Rs cr) 242
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 141.00
CLOSE 138.65
VOLUME 46945
52-Week high 163.60
52-Week low 33.90
P/E 7.65
Mkt Cap.(Rs cr) 242
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

K P I Global Infrastructure Ltd. (KPIGLOBAL) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me immense pleasure to present the 11th Annual Report of your Company KPI Global Infrastructure Limited to you. This year is indeed a milestone year for your Company as it got listed on SME platform of BSE Limited on January 22 2019.

We are a very creative organization and always try to create examples and set trends for others to follow. Our business model is very unique attractive and quite rewarding. Although your Company faced major challenges from the date of incorporation we converted those challenges to opportunities and kept on moving forward. The biggest milestone in this year has been the successful listing of your Company at SME platform of BSE Limited.

It's a matter of great pride to inform that your Company is India's first company and so far the only company which has the distinction of being financed by Power Finance Corporation (PFC) Limited New Delhi (A Government of India Undertaking) the largest power financing institution in India for a solar plant under third party private PPA. PFC has sanctioned financial assistance of Rs. 86 Crores for setting up a 25MW solar photovoltaic (PV) power plant at village Sudi in Bharuch district Gujarat (Solarism project).

We are excited to present the performance of the Company for the financial year 2018-19 and perspectives on the way forward. During the year total revenue has increased by 9.55% to Rs. 34.62 Cr compared to Rs. 31.60 Cr in the previous year. The profit after tax (PAT) increased to Rs. 8.90 Cr against Rs. 7.39 Cr in the previous year an increase of 20.43%.

Your Company has commissioned I5MW of capacity under Independent Power Purchase (IPP) category which was funded by State Bank India and also 2.43MW capacity under Captive Power Producer (CPP) category during the financial year 2018-19.

The Company has signed new PPA for supplying solar power of 25.25MW which shall be funded by PFC under IPP catego ry and also rece ived LOI's of 4.70MW solar gower project under CPP category duri ng the financia I year 2(01 8-19. This Con'icano hos already started thy execution of additional capac ity to fulfil the above PPA and CPP orders.

The solar market remains upbeat with support from national policy makers who have taken a target of 1.75.000 MW of total renewable power by 2022 out of which solar contribution is the highest and it is 100000 MW. Our Country has completed about 30.000 MW of solar and therefore about 70000 MW capacity still remains to be completed. Various incentives and policy supports still continue at Central and State level ensuring that the solar business remains attractive and profitable.

We would like to take this opportunity to express our gratitude to the dedicated team members of the Company and their families government of Gujarat the Bankers Lenders / Financial Institutions shareholders customers and suppliers and all those who are directly or indirectly associated with the company for offering their unwavering support and cooperation in our growth. We are also extremely thankful for your overwhelming response to our initial public offer which was much beyond our expectations.

The next year is full of actions wherein your Company shall have to considerably enhance the plant capacity in a short span of time to fulfil the commitments at hand and aspire to cross 100 MW milestone. We are confident that together we shall move forward with renewed confidence to chart a new roadmap with even greater achievements. We look forward to more people joining hands with us making the renewable energy sector even stronger and living our dreams with a larger aim to contribute to the growth of our great Nation.

Faithfully yours

Faruk G. Patel

   

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