Shares of KPI Green Energy reach a 52-week high as a subsidiary receives orders for solar power

28 Nov 2023 , 02:46 PM

In the early trade on November 28, KPI Green Energy’s shares saw a 1.5 percent increase, reaching the 52-week high of Rs 1,264.95, following the company’s subsidiary receiving orders for additional solar power plants.

KPI Green Energy was trading at Rs 1,234.75 on the BSE at 9:45 a.m., up Rs 19.90, or 1.64%, from the previous session.

4.66 MW of new orders were received by Sun Drops Energia Private Limited to carry out solar power projects within the ‘Captive Power Producer (CPP)’ sector.

The projects are expected to be finished in different phases during the 2024–2025 fiscal year, according to the corporation.

The company stated that with the inclusion of this contract, the total orders for solar power projects within the CPP segment had exceeded 143+ MW.

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