On December 30, 2024, KPI Green Energy shares rose ~3% and touched the day high of ₹838.00 at 11:20 AM. KPI Green share price opened at ₹816.00 against the previous close of ₹798.80. The gain in KPI Green share price follows its announcement related to its 1:2 bonus issue.
As per the exchange filing dated December 19, 2024, KPI Green Energy Limited fixed Friday, January 03, 2025, as the ‘Record Date’ for determining the eligibility of Shareholders entitled to bonus issue in the ratio of 1 Equity Share of ₹5/- (Rupees Five only) each for every 2 existing Equity Share of ₹5 each.
KPI Green Energy Limited entered a Memorandum of Understanding (MoU) with the Government of Rajasthan for the development of Hybrid, Solar & Wind Power Projects at Jaisalmer (Ramgarh), Rajasthan.
As per the terms of the agreement, the Government of Rajasthan would facilitate the company to obtain necessary permissions/clearance etc. from concerned departments of the State as per the existing policies/rules and regulations of the State Government
On December 2, 2024, KPI Green Energy Limited announced that it had received the largest-ever order for setting up of 300 MWAC (405 MWDC) Ground mounted Solar PV plant including Operation & Maintenance (O&M) services on a comprehensive basis for 05 years from Coal India Limited, a central PSU and globally recognized company.
The company further added that this landmark order adds another achievement with over 507 MW of renewable power plants successfully completed as of September 30, 2024, showcasing industry-leading efficiency.
During Q2 FY25, KPI Green Energy reported a total revenue of ₹3.61 billion (~$42.83 million), reflecting an increase of 67% year-over-year (YoY). EBITDA for the period grew by 87% YoY to ₹1.34 billion. It recorded a net profit of ₹698 million in Q2 FY25, an increase of 101% over the same period last year.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 30, 2024, 11:56 AM IST
We're Live on WhatsApp! Join our channel for market insights & updates