This company received the largest single order from one of India's leading solar manufacturing company. Do you own it?

Recently, the company announced bonus shares in the ratio of 1:1

On Thursday, shares of KPI Green Energy surged over 2.4 per cent from the previous closing level of Rs 905.85 to make an intraday high of Rs 927.75. The scrip witnessed some profit booking and closed 1.35 per cent up at Rs 918.05.   

The company announced that they have received the largest single order from one of India’s leading solar panel manufacturing company. This new order is for the execution of engineering, procurement, construction and commissioning (EPCC) of a solar power project of 33 MWp capacity. This will further strengthen and accelerate the speed to achieve their ambitious target of reaching 1000 MWp capacity by 2025. The project will be completed in the year 2023 in various tranches as per the terms of the order.   

Incorporated in 2008, KPI Green Energy Ltd is in the business of solar power generation. The company provides solar power, both as an independent power producer (IPP) and engineering, procurement and construction (EPC) services to Captive Power Producers (CPP) customers. It runs its entire business from its Bharuch plant. Currently, the company has an installed capacity of 100 MW of solar power under IPP segment and 100 MW+ of EPC/CPP projects.   

Recently, the company announced bonus shares in the ratio of 1:1. KPI energy has shown positive traction this year as it has surged over 71 per cent and close to 30 per cent in the last 6 months. Keep a close eye on this trending solar power-generating company.