Synopsis:
KPI Green Energy Limited secured a new order from Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of a 150 MW grid-connected wind power project.
The shares of this Green energy stock that is engaged in renewable power facilities are in focus after receiving a new order for the development of a 150 MW wind power project in Gujarat.
With a market capitalization of Rs. 10,653 Crore, the shares of KPI Green Energy Limited opened at Rs. 528.15 per equity share, from its previous day’s closing price of Rs. 527.50 and made an intraday high of Rs.552.55 per equity share.
Why in News?
KPI Green Energy Limited has received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of a 150 MW grid-connected wind power project. This order was awarded under GUVNL’s competitive bidding process for 250 MW of wind power (Phase IX).
The Power Purchase Agreement (PPA) for this project will be signed after approval from the Gujarat Electricity Regulatory Commission (GERC). This win reflects KPI Green Energy Limited’s long-term goal of achieving 10 GW of renewable energy capacity by 2030. This order shows the company’s strong technical capabilities.
Company Financials
KPI Green Energy Ltd, founded in 2008, is a part of the KP Group. The company focuses on renewable energy and is engaged in developing, building, and managing solar and wind solar hybrid power projects.
The company’s revenue from operations surged from Rs. 1,024 crore in FY24 reaching Rs. 1,735 crore in FY25, reflecting strong business growth. Net profit also rose from Rs. 162 crore to Rs. 325 crore, indicating better cost management and profitability. These figures highlight a solid improvement in both revenue and overall financial performance.
KPI Green Energy Ltd has a Return on Capital Employed (ROCE) 17.5 percent, indicating strong capital efficiency. The Return on Equity (ROE) stands at 18.7 percent. The Company’s Price to earnings ratio is 33.2 times the industry average is 41.4, showing a moderate market valuation.
Written by: Sudeep Kumbar
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