KPI Green Energy trades lower despite bagging 4.20-MW solar power projects - Moneycontrol
KPI Green Energy trades lower despite bagging 4.20-MW solar power projects
The share price of KPI Green Energy shed a percent in early trade on October 9, despite the company receiving orders for 4.20-MW solar power projects under the Captive Power Producer (CPP) segment.
"With the addition of this order, our cumulative orders of solar power projects, till date have crossed 100+ MW under the CPP segment," the company said.
The projects are scheduled to be completed in the financial year 2023-24, in various tranches as per the terms of the order, it added.
The company is going to announce its September quarter earnings today.
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Last week, the company had received orders aggregating to 12.10 MW for executing solar power projects, out of which 3.10 MW capacity will be undertaken by KPI Green Energy and 9 MW capacity by its wholly owned subsidiary Sun Drops Energia Private Limited, under the CPP segment.
The projects are scheduled to be completed in the financial year 2023-24, in various tranches as per the terms of the order.
In September, the company had successfully commissioned a 7.80-MW wind-solar hybrid power project comprising 4.20MW wind energy facilitated by KPI Green and 3.60 MWdc of solar capacity provided by its wholly owned subsidiary KPIG Energia Private Limited. This project has been executed for Mono Steel India Limited in Surat under the CPP, in compliance with the Gujarat Wind-Solar Hybrid Power Policy 2018.
In August, the company had received commissioning certificates from the Gujarat Energy Development Agency (GEDA) for a 4.10-MW wind-solar hybrid power project at Bharuch in Gujarat. The power project comprises 2.10MW wind and 2MWdc solar capacity, from the company's own power generating asset portfolio.
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