KPI Green Energy rallies 5% on order win

New Delhi: Shares of KPI Green Energy rallied 5 per cent in Thursday's trade to hit the day’s high of Rs 898.4 per share after it bagged a new order for executing a wind-solar hybrid power project of 5.4 MW capacity.

In the filing with the exchanges, the utility company said, "KPI Green has received a new order for executing Wind-Solar' Hybrid Power Project of 5.40 MW (comprising of 5.40 MW Wind Turbine and 4 MWdc Solar) capacity from Greenlab Diamonds LLP, Surat under 'Captive Power Producer (CPP)' business segment of the company."

Last week, the company announced an order win to execute the Wind-Solar Hybrid Power Project of 4.20 MW capacity from Nouveau Jewellery LLP, Surat under the 'Captive Power Producer (CPP)' business segment of the company.


At around 9:51 am, the stock traded higher by over 4 per cent at Rs 892.8 per share on NSE.

KPI Green Energy is a smallcap firm with a market capitalization of Rs 1613 crore. It is the solar arm of KP Group and a prominent Gujarat-based solar power generating company.