4,780 per cent multibagger returns & FIIs increase stake: Board announces bonus shares and bags new order for solar power project from Shree Varudi Paper Mill LLP

The stock gave multibagger returns of 235 per cent in just 1 year whereas BSE Sensex Index is up by 18 per cent.

KPI Green Energy Ltd informed that the Board of Directors of the company have announced bonus shares wherein the company will issue bonus equity shares of the company in the proportion of 1 equity shares of Rs 10 each for every 2 existing equity shares of Rs 10 each as of record date. The company fixed the record date as Thursday, February 15, 2024.

Additionally, the company bagged a new order of 5.60 MW for executing a solar power project that has been received by KPIG Energia Private Limited, a wholly-owned subsidiary of the Company under the ‘Captive Power Producer (CPP)’ Segment of the Company. The order is received from Shree Varudi Paper Mill LLP and projects are scheduled to be completed in the financial year 2024-25, in various tranches as per the terms of the order.

Order Book Update - During the H1FY24, on a Consolidated basis, the Company has energised a total of 33.00+ MW resulting in the cumulative consolidated capacity energised at 346+ MW. Company during H1F24 have bagged the single largest order of Hybrid CPP of 145.20 MW and has also won a 240 MW DC bid from GUVNL under the IPP Segment. With these, the total order book on hand at gross level stands at 541+ MW inching the company closer to its ambitious target of 1,000 MW by the financial year 2025.

Today, shares of KPI Green Energy Ltd gained 0.84 per cent to Rs 1,435.40 per share from its previous closing of Rs 1,423.40 with an intraday high of Rs 1,451.85 and an intraday low of Rs 1,429.90. The stock gave multibagger returns of 235 per cent in just 1 year whereas BSE Sensex Index is up by 18 per cent. Furthermore, the stock generated 520 per cent returns in 2 years and a whopping 4,780 per cent in 3 years.

KPI Green Energy Ltd is a solar power powerhouse, operating as both an independent producer and a trusted EPC partner for captive power producers. With a market cap exceeding Rs 5,700 crore, it is a major player in India's renewable energy landscape. The company has an order book of over 600 MW. Investors should keep an eye on this Small-Cap stock.

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