Small Cap Power Sector Stock Soars 5.91% Intraday After Inking Pact, 1-Yr Return 123%

Shares of leading small cap power sector stock, KPI Green Energy Ltd soared 5.91% in trade today. Current market price of KPI Green Energy is Rs 458.40 apiece on BSE after the surge. The stock also witnessed 2.34 times spurt in volume. Check details below:

KPI Green Energy Inks Pact With Garrison Engineer: According to the BSE filing of the company, "KPI Green Energy Limited has signed a new long term (20 years) Hybrid Power Purchase Agreement (PPA) for 1.845 MWAc capacity with M/s. Garrison Engineer, Military Engineer Services, Air Force Station, Jamnagar under Independent Power Producer ('IPP') Segment."

KPI Green Energy Stock Performance, Financial Outlook, & Return: Current market price of KPI Green Energy is Rs 458.40 apiece. Its 52-week high is Rs 510.00 apiece and 52-week low is Rs 191.63 apiece, respectively. It has a market capitalisation of Rs 1,656.20 crore. The stock surged over 6% in last 1-week, fell more than 6% in last 1-month, 2% in last 6-months, and gave a return of 123% in last 1-year.

The company for the quarter ended December 31, 2022 declared a consolidated total income of Rs 179.67 crore, up 12.19% from last quarter total income of Rs 160.14 crore. It declared net profit after tax at Rs 34.46 crore in latest quarter.

KPI Green Energy About: KPI Green Energy LImited offers renewable energy construction services. It is engaged in designing and building solar power plants. It came into existence in 2008 and operates in power sector.

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