After the new order, there is good growth in this green energy stock, know whether you will also get profit in it now.

KPI Green Energy Limited Achieves 9,800% Return for Investors

KPI Green Energy Limited has recently signed a Power Purchase Agreement (PPA) with Gujarat Energy Development Corporation Limited (GUVNL) for a total of 620 MW of renewable energy projects. This significant venture marks the company’s expanding influence in India’s renewable energy sector, focusing on grid-connected solar photovoltaic and hybrid renewable energy projects.

Details of the Agreements

The initial agreement includes a 250 MW grid-connected solar photovoltaic project, won through a competitive bidding process. Additionally, a 370 MWAC (642 MWDC) hybrid renewable energy project was secured as part of GUVNL’s Hybrid RE (Phase-II) initiative, showcasing KPI’s robust bidding capabilities.

Company Overview

Established in 2008, KPI Green Energy is a leader in solar energy under the “Solarism” brand. With an installed capacity exceeding 445 MW, the company offers comprehensive services for solar energy plant development, construction, and maintenance. Recent stock performance reflects its success, with a 52-week high of ₹1,116 and a return on equity (ROE) of 30%. Investor interest has surged, with foreign institutional investors increasing their stake to 12.40% as of August 2024.