4,300 per cent returns and FIIs increase stake: This multibagger power generation company bags new order for 4.66-megawatt solar power project!
Shares of the company gained more than 150 per cent in the last six months.
KPI Green Energy has received new orders for 4.66 MW of solar power projects through its subsidiary, Sun Drops Energia Private Limited. The order is from GVM Woven and Radhika Silk Mills. This brings the company's total cumulative orders for solar power projects under the Captive Power Producer (CPP) segment to over 143 MW and solidify its position as a leader in the renewable energy sector. The projects are expected to be completed in the financial year 2024-25.
Recently, KPI Green Energy Limited has secured multiple new orders, including a 2.70 MW solar power project and a 22.26 MWp solar power project contract from Aditya Birla Renewable Energy Limited. KPI Green Energy will handle the design, engineering, procurement, supply, construction, erection, testing, synchronization, commissioning, and performance acceptance testing for these projects.
Also read, A comprehensive guide to building a diversified investment portfolio
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 4300 per cent in the last three years. While in the last one year, the stock has gained over 160 per cent. FIIs have increased their stake in the company to 4.24 in September 2023.
Investors should keep a close eye on this stock.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Disclaimer: The article is for informational purposes only and not investment advice.