This Renewable Energy Company Secures 100 MWAC Solar Power Project from Maharashtra State Power Generation; Stock Gains Over 110 Per cent in Just 6 Months!

The company’s shares have delivered impressive multibagger returns of over 260 per cent in just 1 year.

KPI Green Energy Limited has received a Letter of Award (LOA) from MAHAGENCO for developing a 100MWAC Solar Power Project. This award includes an EPC package with land and three years of Operation and Maintenance (O&M). The project is part of a tender for a cumulative capacity of 600 MWAC Solar-PV Power Projects at various locations in Maharashtra under the RE Bundling Scheme, as per RFX No. 3000042146 issued by MAHAGENCO.

Moreover, this project marks a strategic expansion beyond Gujarat into Maharashtra, allowing the company to leverage new opportunities and bring its solar power expertise to a broader geographical area. This move reinforces KPI Green Energy's position as a leading player in the renewable energy sector.

Furthermore, before this, the company also received a new order for a 100 MW Hybrid Captive Solar Power Project under its Captive Power Producer (CPP) segment.

On Friday KPI Green Energy Limited shares closed at around Rs 1016.85 per share. The company’s current market capitalization stands at Rs 12259.67 crore. The stock has delivered a multibagger return of over 260 per cent in just 1 year.

As per the Quarterly Results, in the fourth quarter of FY24, KPI Green Energy Limited recorded a revenue of Rs 289 crore. The operating profit for Q4 FY24 stood at Rs 93 crore. The net profit for Q4 FY24 was Rs 43 crore. Looking at the annual performance, the company generated a revenue of Rs 1024 crore in FY24, compared to Rs 644 crore in FY23. The operating profit for FY24 was Rs 337 crore with a net profit of Rs 162 crore.

Investors must keep this Small-Cap stock on their radar.

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