KPI Green Energy zooms 5% on winning Maharashtra power project

Shares of KPI Green Energy Limited advanced 5 percent to Rs 1,522 in morning trade on March 18 after the company emerged as the successful bidder in the Maharashtra State Power Generation tender for the 100MWAC solar power project development.

KPI Green had participated in the EPC package with land to develop a 600 MW solar project at various locations in Maharashtra. It received the order for a 100-MW project.

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At 9:20am, the counter was trading at Rs 1,519, up 4.5 percent from the previous close on the NSE. The stock price has risen over 390 percent in the last year.

This is the second such order in quick succession for the company. Last week, the company won a wind-solar power project from Gujarat Urja Vikas Nigam Limited (GUVNL) to develop a wind-solar hybrid power project. This tender was for developing 500 MW hybrid renewable power projects with a greenshoe option of another 500 MW.

On March 8, the company received an order with a total capacity of 305MWac, of which 175MWac was awarded by Aditya Birla Renewables Subsidiary Limited and 130MWac ABREL (RJ) Projects Limited for the development of Balance of System forming part of a wind-solar hybrid power project in Gujarat.

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