KPI Green Energy’s Subsidiary Secures 14.90 MW Solar Projects, Stock rises nearly 4%

Summary:

Sun Drops Energia Private Limited, a subsidiary of KPI Green Energy Ltd., has received Letters of Award for the development of 14.90 MW solar power projects under its Captive Power Producer (CPP) business segment. The projects have been awarded by various clients.

Stock Performance:

  • KPI Green Energy Ltd. rose 3.89% intraday, reaching a high of Rs.415.00 following the announcement.
  • Market Cap : Rs.8,058.73 Cr.

Key Data Points:

  • Company: Sun Drops Energia Private Limited (Subsidiary of KPI Green Energy Ltd.)
  • Project Capacity: 14.90 MW Solar Power Projects
  • Business Segment: Captive Power Producer (CPP)
  • Clients: Various CPP Clients
About the Company:

Incorporated in 2008, KPI Green Energy Ltd is part of KP Group. They develop, build, own, manage, and maintain renewable power facilities (solar and wind solar hybrid power project) as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPPs) under the ‘Solarism’ brand.

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