Shares of KPI Green Energy Limited soared by 5% in intraday trading, reaching ₹333.30 per share from the previous close of ₹317.45. This surge came after the company announced the signing of a Memorandum of Understanding (MoU) with the Government of Odisha for the development of Renewable Energy Parks. With a market capitalization of ₹6,563 crores, the stock witnessed strong buying interest, reflecting investor optimism about the company’s future growth prospects.
Strategic Partnership with Odisha Government
KPI Green Energy Limited has taken a significant step towards enhancing India’s renewable energy sector by signing an MoU with the Odisha Government. The agreement focuses on establishing Renewable Energy Parks in the Ganjam district, reinforcing the commitment to clean energy development and sustainability. This collaboration aims to accelerate the adoption of renewable energy solutions in the region.
Company Overview
A key player in the renewable energy industry, KPI Green Energy specializes in solar and hybrid power plant development, ownership, operation, and maintenance. The company functions as both an Independent Power Producer (IPP) and a service provider to Captive Power Producers (CPP) under its brand name ‘Solarism.’
KPI Green Energy currently has work orders exceeding 2.41 GW, with a cumulative power evacuation capacity of 2,346+ MW and a land bank spanning 3,071+ acres. The company has set a bold target of achieving 10+ GW of renewable energy capacity by 2030.
Financial Growth and Performance
KPI Green Energy has demonstrated impressive financial growth, with revenue from operations surging by 67%, from ₹215 crores in Q2FY24 to ₹360 crores in Q2FY25. Additionally, net profit has doubled from ₹35 crores to ₹70 crores, showcasing the company’s expanding footprint and financial strength.
With its latest MoU and ambitious growth plans, KPI Green Energy continues to position itself as a leader in India’s renewable energy transformation, driving innovation and sustainability in the sector.
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