Green Energy stock engaged in providing EPC services and commissioning of renewable power projects and providing allied services related to it hit a 5 percent upper circuit in the day’s trade upon receiving work orders for renewable power projects of ~1,004MW
Price Action
With a market capitalization of Rs. 4,211 Crores, the shares of K.P. Energy Limited were trading at Rs. 631.65 per equity share, up 4.2 percent from its previous day’s close price of Rs. 606.10.
What Happened
K.P. Energy Limited has received new work orders from KPI Green Energy Limited for the development of renewable energy projects consisting of solar and hybrid projects aggregating to 1003.7MW to be developed in 3 phases.
The work order involves providing a range of services, including Engineering, Procurement, Construction, and Commissioning (EPCC) for the project. This entails activities such as designing, supply, construction, erection, testing, commissioning, and securing the necessary approvals and permits for the Project.
KPI Green Energy Limited wins these projects under the various tenders of the Gujarat Urja Vikas Nigam Limited (GUVNL) and are expected to be completed in line with the timelines under definitive agreements
About the Company
K.P. Energy Limited is engaged in the business of providing engineering, procurement, construction, and commissioning of renewable power projects and providing allied services related to it like generation, operation, and maintenance. As of Q1FY25, it has 1+GW of projects in hand
Financials & Ratios
Its Revenue from operations grew by 12.56 percent from Rs. 113 Crores in Q1FY24 to Rs. 127 Crores in Q1FY25, accompanied by profits of Rs. 15 Crores to Rs. 18 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 37.1 percent, and a return on capital employed (ROCE) of 41 percent. It has reported a debt-to-equity ratio of 0.47.
Written by: Bharath K.S
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