KPI Green Energy up 6% as subsidiary bags solar power projects

Sun Drops Energia Private Limited, a wholly owned solar power subsidiary of the company, received orders for 5.70 MW solar power projects

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KPI Green Energy gained 6 percent in the afternoon trade on November 3 after the company’s subsidiary bagged orders for solar power projects.

Sun Drops Energia Private Limited, a wholly owned solar power subsidiary of the company, received orders for 5.70 MW solar power projects under the Captive Power Producer (CPP) segment.

With the addition, the cumulative orders for solar power projects under CPP segment crossed 112 MW, the company said. The projects are to be completed in the financial year 2023-24 in various tranches.

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Earlier in this month, the company along with Advait Infratech signed a memorandum of understanding with the Uttarakhand government for development of 500 MW solar park.

Sun Drops Energia bagged an order for executing a wind-solar hybrid power project fromCTX Life Sciences Pvt. Ltd.

At 1.49 pm, the stock was trading at Rs 869.40 on NSE, up 5.17 percent from the previous close.