K.P.I. Global Infrastructure Ltd had signed Power Purchase Agreement (PPA) with M/s Devang Paper Mills Private Limited, Vapi for sale of 950 KW solar power for a period of 15 years under the category of Independent Power Producer (IPP).
However, the company has received the request from M/s Devang Paper Mills Private Limited for shifting of Solar Power Project from Independent Power Producer (IPP) to Captive Power Producer (CPP) category and accordingly the said solar power project has been shifted and the PPA signed has been cancelled. The Letter of Intent (LOI) for executing 855KW solar power project under CPP category has been received from M/s Devang Paper Mills Private Limited.
Shares of K.P.I. Global Infrastructure Ltd was last trading in BSE at Rs.52 as compared to the previous close of Rs. 49.05. The total number of shares traded during the day was 1600 in over 1 trades.
The stock hit an intraday high of Rs. 52 and intraday low of 52. The net turnover during the day was Rs. 83200.