KPI Green Energy Gains 1.7% on Solar Power Contract from Jayco Synthetics

5 Jan 2024 , 02:58 PM

KPI Green Energy Ltd’s shares rise by 1.7 percent after its subsidiary, KPIG Energia Pvt Ltd, secured a solar power contract from Jayco Synthetics.

At the time of writing. KPI Green Energy shares were trading at Rs1413.90 which is a 0.74% hike than previous close. 

KPIG Energy bags the execution contract for a 3-megawatt solar power project under the captive power producer segment, with completion expected in fiscal year 2025 in multiple tranches.

The company had previously announced on January 3 that, along with KPIG Energia, it won orders for 2.1 MW solar power projects from Radhey Krishna Terene and Jay Metal Tech, scheduled for completion in FY25.

In an earlier update on December 30, KPI Green Energy’s board recommended a bonus share for every two existing shares held.

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