Green Energy stock engaged in manufacturing and supplying Solar Module Mounting Structures, Cable trays, Lattice tower structures, Substation Structures, and many more hit a 5 percent upper circuit in the day’s trade upon receiving multiple work orders worth Rs. 351.35 Crores.
With a market capitalization of Rs. 2,846 Crores, the shares of KP Green Engineering Limited were trading at Rs. 569.30 per equity share, up 3.13 percent from its previous day’s close price of Rs. 552.
KP Green Engineering Limited has received multiple work orders worth Rs. 351.35 Crores, including the supply of Fixed Tilt Module Mounting Structure, Supply of Tracker Type Module Mounting Structure & Structure Parts for Solar Projects for Rs. 212.38
It includes supply of 220 kV to 400 kV Tower Material, 33 kV & 66 kV Substation Equipment Structure, Hardware, Cable Trays, GI Strip Material, GI Structure for Isolators for Transmission Line Towers worth Rs. 79.51 Crores.
Further completion of a 180 MW Pooling Substation Project, 33 kV Line supply line for Rs. 52.54 Crores, Supply of 220 kV, 66 kV & 33 kV Isolators, Crash Barrier for Railway Track Fencing and Ladder Cable Tray, Cable Tray for Rs. 6.92 Crores.
KP Green Engineering Limited is engaged in the manufacturing of fabricated and hot-dip galvanized steel products. Its product portfolio includes Solar Module Mounting Structures, Cable trays, Lattice tower structures, Substation Structures, Earthing strips, and Beam Crash Barriers.
KP Green Engineering Limited has a 2 Lakh sq.ft. state-of-art facility encompassing an area of 2 lakh sq,ft, with an Existing manufacturing capacity of 53,000 MT/PA, it has a proposed capacity expansion in hot dip galvanizing plant of 90,000 MT/PA and proposed greenfield capacity expansion at Matar, Gujarat of 2,94,000 MT/PA.
It has a diversified product portfolio consisting of a Solar Module Mounting Structure, Windmill Lattice Tower, Metal Beam Crash Barrier, Solar Rooftop Installation, Optical Fiber Fault Rectification, Sub-Station Equipment Structure, Transmission Line Tower, Telecom Tower Structure, Pooling Sub-Station Development, Galvanization Job Work, Isolators and many more.
Its Revenue from Operations grew by 207 percent from Rs. 114 Crores in FY23 to Rs. 349 Crores in FY24, accompanied by profits of Rs. 12 Crores to Rs. 35 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 109 percent, a return on capital employed (ROCE) of 104, and a debt-to-equity ratio of 0.14.
Written by: Bharath K.S
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