KPI Green Energy Limited (Symbol: KPIGREEN) has announced a significant milestone, with its subsidiary Sun Drops Energia Private Limited receiving Letters of Award for the development of solar power projects with a total capacity of 15.90 MWDC. These projects fall under the Captive Power Producer (CPP) segment and are slated for completion during the 2025-26 financial year.

The projects will be executed as per the terms of the agreements with various domestic companies. The orders will contribute to the growing solar capacity in India and support the country's renewable energy goals.

Key Details:

• Order Awarding Entities:

  • M/s Mexo Fiber Pvt. Ltd.
  • M/s M S Rayons Pvt. Ltd.
  • M/s Maharaja Industries
  • M/s Gautam Casting Industries Pvt. Ltd.
  • M/s Gautam Technocast
  • M/s Shrirajlaxmi Denim
  • M/s Kartik Dyeing

• Project Execution Timeline:

  • The solar power projects are scheduled for completion by FY 2025-26, with various tranches of the projects completed as per the agreed timelines.

• Project Details:

  • The total project size is 15.90 MWDC, contributing to KPI Green Energy’s increasing footprint in India's solar power sector.

• No Related Party Transactions:

  • There is no interest from the promoter or group companies in the entities awarding the contracts, and these are not related party transactions.

Impact on KPI Green Energy

This new contract strengthens KPI Green Energy's position in the solar energy sector, aligning with its growth strategy and commitment to renewable energy. These solar projects are expected to play a pivotal role in increasing the company’s capacity and furthering India's clean energy initiatives.

The Upcoming IPOs in this week and coming weeks are PS Raj Steels, Chandan Healthcare, Ajax Engineering, Voler Car, Maxvolt Energy, Hexaware Technologies, L.K. Mehta, Shanmuga Hospital.

The Current active IPO are Eleganz Interiors, Readymix Construction, Solarium Green.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.

Join our Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.