Solar power company bags order of 66.20 MW Hybrid Power Project from Sai Bandhan Infinium Pvt Ltd

The stock gave multibagger returns of over 220 per cent in just 1 year and a whopping 10,000 per cent in 5 years.

KPI Green Energy Limited announced that it has received the Letter of Award for the development of a 66.20 MW Hybrid Power Project under the Captive Power Producer (CPP) segment of the Company. The order has been awarded by Sai Bandhan Infinium Pvt Ltd, a domestic entity, KPI Green Energy Limited shall develop the project as per the terms of the order, which stipulates that the project is tentatively scheduled to be completed by July 2025 in various tranches.

KPI Green Energy Ltd, established in 2008 as part of the KP Group, is a renewable energy leader specializing in solar power generation. They operate under the "Solarism" brand, offering a comprehensive solution for both Independent Power Producers (IPPs) and Captive Power Producers (CPPs). Their services include developing, building, owning, managing, and maintaining solar power plants across Gujarat, with a current installed capacity exceeding 445 MW. They cater to IPPs by directly generating and selling solar electricity, while also providing Engineering, Procurement, and Construction (EPC) services to CPP clients who wish to set up their solar power facilities.

The company shares underwent a stock split and bonus issue. The existing equity shares of Rs 10 each were subdivided into 2 equity shares of Rs 5 each on July 18, 2024 (ex-date). Additionally, bonus equity shares were issued in a 1:2 ratio on February 15, 2024 (ex-date), with the new shares ranking equally with the existing ones. The stock’s 52-week high is Rs 1,116 and its 52-week low is Rs 258.95. The company's shares have an ROE of 30 per cent and an ROCE of 22 per cent.

In August 2024, FIIs bought a 6.35 per cent stake and DIIs bought a 1.21 per cent stake and increased their stake to 12.40 per cent and 1.54 per cent respectively, compared to 6.05 per cent and 0.33 per cent respectively in June 2024. The company has a market cap of over Rs 11,000 crore with a strong order book. The stock gave multibagger returns of over 220 per cent in just 1 year and a whopping 10,000 per cent in 5 years. Investors should keep an eye on this small-cap stock.

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