KPI Green Energy Share Price Jumps 5%; Signs ₹1,311.40 Crore Contract with Coal India

KPI Green Energy Limited informed the stock exchanges that the company has signed a contract with Coal India Limited.

On January 30, 2025, KPI Green Energy share price (NSE: KPIGREEN) opened at ₹349.85, up from its previous close of ₹333.20. At 10:36 AM, the share price of KPI Green Energy was trading at ₹349.85, up by 5.00% on the NSE. Notably, the stock price touched its 52-week low on January 29, 2025, at ₹313.40.

Contract Details

The company stated that the contract is to develop a 300 MWAC grid-connected ground-mounted solar PV plant at GIPCL’s Solar Park in Khavda, Gujarat. The contract, valued at ₹1,311.40 crore, includes Operation & Maintenance (O&M) services for five years.

The project is expected to be completed by November 2025. This development marks a significant step in the company’s commitment to renewable energy and its target of achieving 10 GW of capacity by 2030. The collaboration reinforces KPI Green Energy’s dedication to contributing to India’s sustainable energy transition.

H1 FY 2025 Financial Highlights

For the first half of FY25, the company reported an increase in revenue, reaching ₹711.26 crore, a 75% rise compared to ₹406.52 crore in H1 FY24.

Profit After Tax (PAT) also saw growth, doubling to ₹135.94 crore in H1 FY25, up from ₹68.00 crore in the same period last year, reflecting a 100% increase.

About KPI Green Energy Limited

KPI Green Energy Limited, the solar and hybrid energy division of the KP Group, has been a leader in the industry since its establishment in February 2008. Based in Gujarat, the company specialises in providing solar and hybrid power solutions through a range of business verticals.

Operating under the brand name ‘Solarism,’ KPI Green Energy develops, constructs, owns, operates, and maintains solar and hybrid power plants. As an Independent Power Producer (IPP), it also serves as a service provider for Captive Power Producers (CPP), offering comprehensive energy solutions to its clients.

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