Multibagger Power Company Bags 9.70MW Solar Power Projects, Stock Up 1236.29% In 2 Yrs

Power generation company KPI Green Energy Ltd has informed that the company has bagged domestic solar power projects aggregating to 9.70 MW of capacity. Further, it stated that out of this capacity, 4.70 MW capacity will be undertaken by KPI Green Energy Ltd. and 5 MW capacity by Sun Drops Energia Private Ltd., a wholly-owned subsidiary of the company under the captive power producer (CPP) segment of the company.

The project has been awarded to 5 entities. These 5 entities include Vibrant Processors Pvt. Ltd. - awarded 1.20 MW. Tulsi Waves Pvt. Ltd. has awarded 5 MW. JPB Fibers has awarded 1.50 MW capacity. While Vismita Intermediates Pvt. Ltd. and Vasant Fabrics Pvt. Ltd. allotted 1 MW each.

The project is scheduled to be completed in the financial year 2023-24, in various tranches as per the terms of the order.

Shares of KPI Green Energy on Wednesday closed at Rs 905 per share, down 0.31% compared to the previous close. The stock hit intraday highs and lows of Rs 924.15 and Rs 899.45 on the BSE, respectively.

The stock gained 5.11% in 1 week. While it gave 79.905 in 3 months and 108.85% in 6 months. In 1 year, it gave 96.87% positive return. In 2 and 3 years, it gave multibagger returns of 1236.29% and 2794.65%, respectively.

The stock's 52-week high is Rs 953.80 per share and the 52-week low is Rs 345 per share on the BSE. Its market cap is Rs 3,266.51 Crore.