2,400 per cent returns and FIIs & DIIs increase stake: This multibagger power generation company bags a new order for a 12.10-megawatt solar power projects!

Shares of the company gained more than 100 per cent in the last six months.

KPI Green Energy has received new orders for 12.10 MW of solar power projects, of which 3.10 MW will be executed by KPI Green Energy Limited and 9 MW will be executed by its wholly owned subsidiary, M/s. Sun Drops Energia Private Limited. The projects are scheduled to be completed in financial year 2023-24.

Earlier, the company was awarded a Letter of Intent (LoI) for a 145.20 MW Wind-Solar Hybrid Power Project (comprising 145.20 MW Wind and 50 MW Solar) by Ayana Renewable Power Four, based in Bangalore. This project will be located in the state of Gujarat and falls under the company’s Captive Power Producer (CPP) business segment.

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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 2450 per cent in the last three years. While in the last one year, the stock has gained over 90 per cent. FIIs and DIIs have increased their stake in the company to 3.48 and 0.06 per cent in June 2023 respectively.

Investors should keep a close eye on this stock.

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