Introduction:
Leading renewable energy firm has signed an MoU with the Rajasthan Government to develop hybrid solar and wind power projects in Jaisalmer’s Ramgarh region, marking a significant step toward advancing sustainable energy and fostering a greener future.
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Share price movement of KPI Green Energy:
On December 20, 2024, KPI Green Energy Ltd opened at ₹792.00, up 3.75% from its previous close of ₹763.35. The stock hit a high of ₹801.50 (5.00%) and a low of ₹780.00. By 3:17 PM, it traded at ₹801.50, marking a 5.00% rise, with a market cap of ₹10,520.52 crore.
KPI Green Energy Signs MoU with Rajasthan Govt:
KPI Green Energy Limited has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan to develop hybrid renewable energy projects. The initiative includes solar and wind power installations at Jaisalmer’s Ramgarh region, fostering sustainable energy growth.
The Rajasthan Government will assist the company in acquiring necessary permissions and clearances from relevant state departments. This collaboration reflects a shared commitment to bolstering the renewable energy sector while adhering to state policies and regulations.
By undertaking these projects, KPI Green Energy aims to contribute to a cleaner, greener future. The agreement highlights the company’s focus on sustainable development and strengthens Rajasthan’s position as a hub for renewable energy initiatives.
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Recent news on KPI Green Energy:
As of December 03, 2024, KPI Green Energy secured its largest-ever deal with Coal India to establish a 300 MWAC solar PV plant, including 5-year comprehensive operation and maintenance services, showcasing its growing prominence in renewable energy projects.
Stock performance of KPI Green Energy for Period of 1 week, 6 months and 1 year:
KPI Green Energy Ltd showcased diverse returns, with a 3.61% decline over one week and a 13.4% drop over six months. However, its robust 74.6% annual growth highlights its strong long-term performance in the renewable energy sector.
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Shareholding pattern of KPI Green Energy:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 48.80% | 53.10% | 53.10% |
| FII | 10.00% | 6.10% | 5.60% |
| DII | 1.60% | 0.30% | 0.60% |
| Public | 39.80% | 40.50% | 40.70% |
About KPI Green Energy:
KPI Green Energy Ltd (NSE: KPIGREEN), established in 2008, specializes in solar power generation, turnkey solutions for Captive Power Producers, and O&M services under its ‘Solarism’ brand, emerging as a key solar energy industry player.
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.
