Stock Report

KPI Green Energy Ltd receives LOI for 145.20 MW Hybrid Power Project

Posted On : 2023-09-22 15:09:56( TIMEZONE : IST )

KPI Green Energy Ltd receives LOI for 145.20 MW Hybrid Power Project

KPI Green Energy Limited has been awarded a Letter of Intent (LOI) for a 145.20 MW Wind-Solar Hybrid Power Project (comprising 145.20 MW Wind and 50 MW Solar) by M/s Ayana Renewable Power Four Private Limited, based in Bangalore. This project will be located in the state of Gujarat and falls under the Company's 'Captive Power Producer (CPP)' business segment.

Additionally, the Company will be responsible for providing a range of services, including Engineering, Procurement, Construction, and Commissioning (EPCC). This entails tasks such as land acquisition, design, manufacturing, supply, construction, erection, testing, and commissioning for the balance of plant, as well as the facilitating power evacuation facilities and securing the necessary approvals and permits for the Project.

This accomplishment underscores our leadership in the renewable energy sector and is a major step towards our ambitious goal of reaching 1000 MW by the year 2025.

Shares of K.P.I. Global Infrastructure Ltd was last trading in BSE at Rs. 813.35 as compared to the previous close of Rs. 811.15. The total number of shares traded during the day was 10947 in over 1381 trades.

The stock hit an intraday high of Rs. 825.65 and intraday low of 804.10. The net turnover during the day was Rs. 8898428.00.

Source : Equity Bulls


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