1:2 Bonus Issue: Multibagger Green Energy Stock On A Roll, Bags 2.6 MWp Order, CEIG Nod

Small cap company operating in power generation sector, KPI Green Energy Ltd shares have been on a roll for last couple of years. Now the company informed of receiving 2.6 MWp Order and also received Chief Electrical Inspector (CEIG) nod for 54.74 MW Solar Power Projects. Earlier, the company also declared 1:2 bonus issue with ex-bonus date fixed as February 15, 2024. KPI Green Energy shares soared 60% year-to-date and surged 176% in last 6-months. Check more details below about KPI Green:

KPI Green Energy Bags Orders, Approvals From CEIG: As per the regulatory filing of the company dated March, "we are glad to inform that new order of 2.6 MWp for executing solar power project have been received by M/s. Sun Drops Energia Private Limited, a wholly owned subsidiary of the Company under 'Captive Power Producer (CPP)' Segment of the Company."

In another exchange filing the company informed, "we are delighted to announce that we have received Chief Electrical Inspector (CEIG) approvals for 54.74 MW Solar Power Projects of the Company. This includes 6.59 MW approvals for the projects under the IPP segment and 48.15 MW approvals for the projects under the CPP segment, for the respective clients of KPI Green Energy Limited, and our wholly owned subsidiaries KPIG Energia Private Limited and Sun Drops Energia Private Limited."

KPI Green Energy Bonus Share: The board of directors of KPI Green declared 1:2 bonus share on December 30, 2023 and fixed Feb 15, 2024 as the record date.
KPI Green Energy Stock Performance & Return: The 52-week high price of KPI Green Energy share on BSE is Rs 1895.95 per share and 52-week low price is Rs 259.16 per share, respectively. The company has a market capitalisation of Rs 9176.22 crore. KPI Green Energy share soared 480% in last 1-year, offered return of 806% in last 2-years. In last 3-years, KPI Green Energy offered eye-popping returns of 10007%.

KPI Financials: The company on February 14 declared an attractive surge of 47% in its consolidated net profit to Rs 50.60 crore for the quarter ended December 31, 2024 on the back of higher income. It had recorded its net profit at Rs 34.45 crore in the corresponding quarter of last year, as per the exchange filing. The company declared its total revenue at Rs 331.32 crore as against Rs 179.66 crore in the similar quarter of last year. The company's expenses declared at Rs 259.55 for December quarter as compared to Rs 137.11 crore an year ago.

KPI Green About: KPI Green Energy Limited (Formerly known as K.P.I. Global Infrastructure Limited), is the Renewable vertical of KP Group and a prominent Gujarat based Renewable power generating company. Incorporated in February, 2008, focused on providing Renewable power through different Business verticals. The Company develops, builds, owns, operates and maintains Renewable power plants through as an Independent Power Producer (IPP) and as service provider to Captive Power Producer (CPP) under the brand name of 'Solarism', according to its official website.

Disclaimer: The stock just highlights the rally in shares after order win and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.