KPI Green Energy Gains 2.12% After Securing ₹696.5 Crore Solar EPC and O&M Order from SJVN

Surat, October 17: KPI Green Energy Limited’s share price is witnessing positive investor demand today, after the company announced that it has received three Letters of Award (LOAs) from SJVN Limited. As of 1:05 PM, the shares were up by 2.12%, or 9.75 points, and were trading at ₹469.50. Until now, the shares have traded within a range of ₹472.90 and ₹460.10. The traded volume stood at 7.55 lakh shares, with the company’s market cap at ₹9,073 crore. The shares have their 52-week high at ₹588.80 and their 52-week low at ₹313.40.

KPI Green Energy Limited is an Indian company that is engaged in developing and managing solar power projects. The company was established in 2008, and is headquartered in Surat, Gujarat. The shares of the company are listed on NSE with the ticker symbol KPIGREEN and on BSE with the code 542323.

₹696.5 Crore Solar EPC and O&M Order from SJVN

The rise in the share price comes after the company announced that it has received three Letters of Award (LOAs) from SJVN Limited, a Government of India enterprise. The LOAs are for a 200 MW (AC) solar project at the GIPCL Renewable Energy Park in Khavda, Gujarat. The order is worth ₹696.50 crore (excluding GST), and will cover end-to-end EPC and O&M services.

The project is divided into three parts:

• The supply of plant and equipment, valued at ₹486.89 crore.
• The erection, testing, and commissioning, which includes civil and electrical works, valued at ₹178.27 crore.
• A three-year operation and maintenance contract worth ₹31.34 crore that will begin after the project’s commercial operation date.

The new order follows its previous order, where the company is currently executing a 645 MWp solar cluster at Khavda. The new project will contribute positively to its order book, and will provide revenue visibility to the company.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/0ada6941-a41e-4eb0-bbe2-a0593cd79570.pdf

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