by KPI Green Energy Ltd. Shares of KPI Green Energy were in discussion during trading today on Monday. Today, the company’s share rose 4.5% to Rs. An intraday high of 1863.65 was reached. There is a deal behind this rise in shares. In fact, the company has signed a Power Purchase Agreement (PPA) with Gujarat Energy Development Corporation (GUVNL) for a 50MW solar-wind hybrid power project. After this news came in the stock market, the purchase in its shares increased.
Share in constant focus
Last week, KPI received approval from the Chief Electricity Inspectorate (CEIG) for its 13.60 MW solar power projects under the Independent Power Producer (IPP) segment. These projects will be added to its power generation asset portfolio through its wholly owned subsidiary Sun Drops Energy. In addition, KPI has also received CEIG approval for 15 MW of solar power projects under its Captive Power Producer (CPP) business segment. Let us tell you that the company board issued shares through qualified institutional placement in the month of May for Rs. 1,000 crore was approved. This is subject to shareholder approval.
Advertisement to give 1 share for free, got robbed to buy shares, price came to ₹20
A bumper returning stock
KPI Green Energy shares have had a strong start to the year, gaining as much as 95 percent so far. The stock has made massive gains of 250% in the last one year and up to 950% in the last five years. Its 52 week high is Rs 2,109.25 and its 52 week low is Rs 496.92. The market cap of the company is Rs. 11,083.86 crores.
Overnight change in management, shares crash in the morning, rush to sell, reaches ₹60
Company business
KPI Green Energy Limited (formerly KPI Global Infrastructure Limited) is a leading renewable energy producer based in Gujarat. KPI Green Energy develops and maintains grid-connected solar energy projects and sells power units generated from its solar plants.
