Green Energy Stock KPI Green Energy’s 1:2 Bonus Share Record Date Nears – Bonus History

KPI Green Energy Limited (KPIGEL), previously known as K.P.I. Global Infrastructure Ltd., was incorporated on February 1, 2008. It is engaged in solar power generation, offering services both as an independent power producer (IPP) and as an engineering, procurement, and construction (EPC) contractor to captive power producers (CPP) customers.

Current Operational Capacity and Developments 

The company currently operates an IPP capacity of approximately 110 MW under the third-party open access route, which includes a hybrid capacity of ~36.2 MW in Gujarat’s Bhavnagar and Bharuch districts. Additional installed capacities include ~25 MW and ~21 MW under its subsidiaries—KPIGEPL and SDEPL, respectively. These facilities are also located in Bharuch, Gujarat.

At the group level, KPI Green Energy has a total installed IPP capacity of ~156 MW. The group has also commissioned CPP projects with a capacity exceeding 287 MW as of June 2024.

Bonus Share Issue and Record Date 

KPI Green Energy’s share price is trading higher by 1.66% at Rs. 828.85 on NSE as of 12:36 pm on January 1, 2025. The stock has garnered attention ahead of the record date for its latest bonus share issue.

The company has set Friday, January 3, 2025, as the ‘Record Date’ to determine the eligibility of shareholders entitled to receive bonus equity shares. The bonus issue will be in the ratio of 1:2—one equity share for every 2 existing equity shares held by shareholders.

Bonus Share History of KPI Green Energy 

This marks the third bonus issue by KPI Green Energy in recent years. The company had previously issued bonus shares in the following ratios:

• 1:2 in 2024
• 1:1 in 2023

Recent Approvals and Business Expansion 

KPI Green Energy has also obtained approvals from the Chief Electrical Inspector (CEIG) for 28.28 MW of solar power projects under its CPP business segment. These projects were executed for clients, including its wholly-owned subsidiary, KPIG Energia Private Limited.

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