04 Sep 2024

KPI Green Energy Rises After Receiving CEIG Approval for 16 MW Solar Project in CPP Segment

KPI Green Energy's shares have risen to Rs. 895.00, a gain of 5.65 points or 0.64% from the previous close of Rs. 889.35 on the BSE. The stock, which opened at Rs. 868.00, recorded a high of Rs. 898.45 and a low of Rs. 868.00 during the trading session, with a total of 11,167 shares being exchanged.

This BSE 'T' group stock, with a face value of Rs. 5, achieved its 52-week high of Rs. 1,116.00 on August 12, 2024, and a low of Rs. 255.46 on September 12, 2023. Over the past week, the stock has ranged between Rs. 919.00 and Rs. 861.00. The company’s market capitalization now stands at Rs. 11,760.93 crore.

Promoters hold 53.09% of the company, with institutional investors holding 6.39% and non-institutional investors holding 40.51%.

KPI Green Energy has secured approval from the Chief Electrical Inspector (CEIG) for a 16 MW solar power project under its Captive Power Producer (CPP) segment. This project was developed for its subsidiaries, M/s KPIG Energia and M/s Sun Drops Energia, with CEIG clearance granted in the names of the respective clients.

KPI Green Energy, previously known as K.P.I. Global Infrastructure, is a leading solar power generation company. It provides solar energy as an Independent Power Producer (IPP) under the brand ‘Solarism’ and also serves CPP customers.