KPI Green Energy bags 15 MW solar power project; shares locked at upper circuit

The projects are scheduled to be completed in the financial year 2024-25, in various tranches as per the terms of the order.

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KPI Green Energy share price locked at 5 percent upper circuit in the early trade on February 5 after the company received 15 MW order for solar power project from Aether Industries.

The share touched 52-week high of Rs 2,201.25, up Rs 104.80, on the BSE.

The company’s wholly owned subsidiary KPIG Energia Private Limited bagged a new order of 15 MW for executing solar power project under captive power producer (CPP) segment of the company.

The projects are scheduled to be completed in the financial year 2024-25, in various tranches as per the terms of the order.

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In the month of January, the said subsidiary received new order of 5 MW from Skywin Paper Industries Private Limited for executing solar power project.

Also, the arm bagged a 5.60 MW solar power project from Shree Varudi Paper Mill LLP, which is scheduled to be completed in the financial year 2024-25, in various tranches.