2,900 per cent returns and FIIs increase stake: This multibagger power generation company bags a new order for a 24.96-megawatt solar power projects!

Shares of the company gained more than 80 per cent in the last six months.

KPI Green Energy Limited has received has received multiple new orders. The first order is for 2.70 MW solar power projects under its CPP segment, bringing the total cumulative orders to over 115 MW. The company has also secured a 22.26 MWp solar power project contract from Aditya Birla Renewable Energy Limited. The project, located in Gujarat, will fall under the company's CPP segment.

KPI Green Energy will handle the project's design, engineering, procurement, supply, construction, erection, testing, synchronization, commissioning, and performance acceptance testing. This milestone solidifies the company's position as a leader in the renewable energy sector and marks a significant step towards achieving its goal of reaching 1000 MW by 2025.

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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.

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 100 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.