KPI Green Energy Ltd receives sanction letter of credit facilities for Rs. 686 crores

KPI Green Energy Limited has received a final sanction letter for credit facilities amounting to Rs. 686 Crores for the development of a 200 MWAC (240 MWDC) Solar Photovoltaic Power Project ('Project') in Khavda, Kutch District. Further, the Company had earlier raised Rs. 300 Crores through a Qualified Institutional Placement (QIP), of which Rs. 225 Crores has been used to partially fund the Project. This financial assistance will play a crucial role in developing the project, with the goal of completing it within the stipulated timeframe.

This project will significantly enhance our renewable energy portfolio, supporting our dedication to providing the nation with environmentally friendly and sustainable energy. It will reinforce and expedite our efforts to reach our ambitious goal of 1000 MWp capacity by 2025.

Shares of K.P.I. Green Energy Ltd was last trading in BSE at Rs. 1718.70 as compared to the previous close of Rs. 1735.45. The total number of shares traded during the day was 10540 in over 1312 trades.

The stock hit an intraday high of Rs. 1763.95 and intraday low of 1714.05. The net turnover during the day was Rs. 18298830.00.

Source : Equity Bulls

Keywords

KPIGreenEnergy INE542W01017 ElectricUtilities CreditFacilities Khavda SolarPowerProject