2,900 per cent returns and FIIs increase stake: This multibagger power generation company bags a new order for a 7.80-megawatt solar power projects!

Shares of the company gained more than 70 per cent in the last six months.

KPI Green Energy's subsidiary, Sun Drops Energia, has received multiple new orders. The first order is for a 2.1 MW wind-solar hybrid power project from CTX Life Sciences Pvt. Ltd. under the CPP segment. This order brings KPI Green Energy's cumulative orders for wind-solar hybrid power projects under the CPP segment to over 198 MW. The second order is worth 5.70 MW for solar power projects under the CPP segment. This brings KPI Green Energy's cumulative orders for solar power projects under the CPP segment to over 112 MW.

Recently, KPI Green Energy and Advait Infratech have signed an MoU with the Uttarakhand government to develop a 500 MW solar park under the Captive Power Producer scheme. The state government will provide assistance during the project's initial phase. This MoU reflects our shared commitment to renewable energy and a sustainable future.

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KPI Green Energy is a solar power generating company focused on providing solar power, both as an Independent Power Producer (IPP) under the brand name of ‘Solarism’ and as a service provider to Captive Power Producer (CPP) customers.

KPI Green Energy Limited has delivered multibagger returns of over 2900 per cent in the last three years. While in the last one year, the stock has gained over 130 per cent. FIIs have increased their stake in the company to 4.24 in September 2023 respectively.

Investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.