Solar power company bags orders of 13.30 MV from Sumicot Ltd, Ekta Prints Pvt Ltd, Radhika Fabrics & Sanjopin Industries Pvt Ltd

Kiran Shroff
/ Categories: Trending, Multibaggers
Solar power company bags orders of 13.30 MV from Sumicot Ltd, Ekta Prints Pvt Ltd, Radhika Fabrics & Sanjopin Industries Pvt Ltd

The stock gave multibagger returns of 195 per cent in just 1 year whereas BSE Sensex Index is up by 26 per cent.

On Monday, shares of KPI Green Energy Ltd plunged 2.05 per cent to Rs 907.95 per share from its previous closing of Rs 926.95. The stock’s 52-week high is Rs 1,116 and its 52-week low is Rs 255.45. The company's shares have an ROE of 30 per cent and an ROCE of 22 per cent.

KPI Green Energy Limited announced that its wholly-owned subsidiary, Sun Drops Energia Private Limited, has secured Letters of Intent for solar power projects totalling 13.30 MW under its Captive Power Producer (CPP) segment. Domestic entities, including Sumicot Ltd, Ekta Prints Pvt Ltd, Radhika Fabrics and Sanjopin Industries Pvt Ltd, have awarded these contracts. Sun Drops Energia will develop the projects according to the specified terms, with completion scheduled for the financial year 2024-25 in various tranches. The aggregate order value is 13.30 MW.

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.

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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 has a market cap of over Rs 11,000 crore with a strong order book. 

The stock gave multibagger returns of 195 per cent in just 1 year whereas BSE Sensex Index is up by 26 per cent. Furthermore, the stock generated 525 per cent returns in 2 years and a whopping 10,600 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. 

Also Read: Rs 555.80 Crore Order Book & FIIs Bought 3,81,010 Shares: Heavy Buying In This Multibagger Cable Manufacturing Stock; Rockets Over 12 On August 26

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