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Infra stock jumps 5% after it receives multiple orders worth ₹111.80 Cr

News by Aliceblue News Desk

31 Jan 2025

Infra stock jumps 5% after it receives multiple orders worth ₹111.80 Cr

Introduction:

Leading infrastructure firm has secured confirmed new orders worth ₹111.80 crore across multiple sectors, including solar projects, transmission towers, and pooling substations. These orders are set to strengthen the company’s market presence and support its ongoing growth in renewable energy and infrastructure.

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Also Read: Stocks To Watch For Budget 2025

Share price movement of KP Green Engineering:

On January 31, 2025, KP Green Engineering Ltd (KPGEL) opened at ₹490.00, up 0.20% from its previous close of ₹489.10. The stock reached a high of ₹525.00 (7.29%) and a low of ₹476.00. By 3:00 PM, it traded at ₹502.00, a 2.64% increase, with a market cap of ₹2,510 crore.

KP Green Engineering Secures ₹111.80 Crore Orders:

KP Green Engineering Limited (formerly K P Buildcon Private Limited) has announced securing confirmed new orders totaling ₹111.80 crore in January 2025. These orders span across multiple sectors, including solar projects, transmission towers, and pooling substations, signaling robust growth for the company.

The largest portion, ₹59.60 crore, pertains to solar projects, encompassing fixed tilt module mounting structures and tracker type module mounting structures. Other significant orders include ₹7.50 crore for transmission tower materials and ₹36.00 crore for pooling substations, strengthening the company’s diverse portfolio.

The company aims to complete the majority of these new orders by the end of the current financial year, March 31, 2025. This order inflow enhances KP Green Engineering’s market presence and highlights its ongoing expansion in renewable energy and infrastructure sectors.

Recent news on KP Green Engineering:

As of January 01, 2025, KP Green Engineering Ltd secured new orders worth ₹165.70 crore across multiple segments, including solar projects, transmission towers, and international solar supplies. The company aims to complete these orders within the current financial year.

Stock performance of KP Green Engineering for Period of 1 week, 1 month, and 6 months:

KP Green Engineering Ltd (KPGEL) has shown a strong 18.2% return over the past week. However, its performance over the last month and six months has been negative, with returns of -9.79% and -8.20%, respectively.

Also Read: Best Sectors To Watch For Budget 2025

Shareholding pattern of KP Green Engineering:

All values in %Sep 2024Mar 2024
Promoter66.60%66.60%
FII1.80%8%
DII0.50%1.70%
Public31.10%24.10%
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About KP Green Engineering:

KP Green Engineering Ltd. (BSE: 544150) specializes in fabrication, galvanizing, solar rooftop installation, mobile tower manufacturing, and EPC services. It also offers fault rectification, optical fiber cable patrolling, and turnkey solutions for the mobile and renewable energy industries.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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