Green Energy stock engaged in building, developing, owning, operating, and maintaining solar and hybrid power plants hits a 5% lower circuit in the day’s trade upon receiving work orders to execute 74.30 MW of solar power projects
With a market capitalization of Rs. 10,902 Crores, the shares of KPI Green Energy Limited hit a 5 percent lower circuit at Rs. 1,808.50, from its previous day’s close price of Rs. 1,903.65.
KPI Green Energy Limited has received new work orders aggregating to 74.30MW for executing solar power projects. Under this project, KPI Green Energy Limited has undertaken a 27 MW solar power project, which includes 20 MW capacity for the development of a Solar power project forming part of the wind-solar hybrid power project.
Additionally, its wholly-owned subsidiary KPark Sunbeat Private Limited has undertaken a 30 MW capacity and Sun Drops Energia Private Limited has undertaken a 17.3 MW capacity of the said solar power project under the ‘Captive Power Producer (CPP)’ Segment of the Company. The work order is scheduled to be completed in the financial year 2024-25, in various tranches as per the terms of the order.
KPI Green Energy is a renewable energy company that builds, develops, owns, operates, and maintains solar and hybrid power plants as an Independent Power Producer (IPP) and as a service provider to Captive Power Producer (CPP) under the brand name ‘Solarism’. KPI Green operates a capacity of 111 MW under this service.
KPI Green Energy has 1.23+ GW of Total business in the Pipeline till FY24, with 682+MW of orders received in Q4FY24, 1657+MW of Cumulative Power evacuation capacity, and it has 2217+ Acres of Land Bank .
It has reported a return on equity (ROE) of 29.6 percent and a return on capital employed (ROCE) of 21.6 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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