KPI Green Energy advanced 2.83% to Rs 1,699.10 after the company announced that it has bagged orders aggregating to 9.40 MW for executing solar power projects.
Out of 9.40 MW solar power project, 5 MW capacity will be undertaken by the company and 4.40 MW capacity by KPIG Energia, a wholly owned subsidiary of KPI Green Energy under captive power producer (CPP) segment of the company.The projects are scheduled to be completed in the financial year 2024-25, in various tranches as per the terms of the order.
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 increased 46.87% to Rs 50.60 crore on 84.20% jump in revenue from operations to Rs 330.11 crore in Q3 FY24 over Q3 FY23.
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