KPI Green Energy Shares Hit 5% Upper Circuit, Rise for Fifth Consecutive Day

KPI Green Energy Limited’s share price rose by 2.32%, reaching ₹414.30 at 10:31 AM. The stock opened at ₹425.10 and hit a day’s high of ₹425.10 before slightly retreating to ₹405.05. Notably, it hit its upper circuit limit for the 4th consecutive session, extending its 5-day gains.

Board Meeting for Third Interim Dividend Consideration

KPI Green Energy Limited has notified the BSE that a meeting of the Board of Directors is scheduled for Thursday, February 6, 2025.

During this meeting, the Board will review the proposal for the declaration of a third interim dividend for the financial year 2024-25. If approved, the record date for the dividend, as per Regulation 42 of SEBI Regulations, will be February 18, 2025. The company has attached the relevant disclosure.

Renewable Energy Stocks Stay Strong After Budget Capex Boost

Shares of renewable energy companies saw a boost on Saturday as the Union Budget 2025–26 allocated an 11.8% rise in capital expenditure for the Ministry of Renewable Energy.

The capex for the sector is now set at ₹35,460 crore, up from the ₹31,701.46 crore estimated for 2024-25, a move expected to indirectly benefit businesses in the renewable energy space.

Recent Business Development: Commissions Renewable Power Projects

KPI Green Energy Limited, along with its wholly owned subsidiary, KPIG Energia Private Limited, has successfully developed and commissioned 40.16 MW of renewable power projects for clients under the Captive Power Producer (CPP) segment. This milestone reflects the company’s continued commitment to renewable energy solutions.

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