+3GW Order Book Solar Stock: Company Subsidiary Secures Significant 96 MWp Solar BoS Project from Aditya Birla Renewables Limited

On Wednesday share price of KPI Green Energy Limited was trading flat at Rs 532 per share, down by 0.09 per cent.

KPI Green Energy Limited has announced that its wholly owned subsidiary, KPIG Energia Private Limited, has received a significant Letter of Award (LOA) from Aditya Birla Renewables Limited (ABRL). This new contract is for a 64 MWac / 96 MWp Solar Balance of System (BoS) Power Plant to be developed at Mahua, Gujarat. 

The extensive scope of work outlined in the LOA includes the Design, Engineering, procurement, supply, loading, unloading, transportation, arranging comprehensive insurance, erection, testing, synchronization, achieving Commissioning by the Schedule Commercial Operation (CoD), and conducting performance acceptance test (PAT) and facility acceptance test (FAT) for the solar project. KPIG Energia Private Limited will develop the project according to the terms and conditions detailed in the LOA issued by ABRL. This order was awarded by a domestic entity, and the time period for execution will be as per the project schedule provided in the LOA.

According to the company, this order is a crucial step towards achieving their long-term target of 10 GW by 2030, reflecting continued trust in their execution capabilities for complex and large-scale renewable infrastructure projects. 

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About the Company

KPI Green Energy Ltd, established in 2008 as part of the KP Group, is a renewable energy leader specialising in solar power generation. They operate under the "Solarism" brand, offering a comprehensive solution for both Independent Power Producers (IPPs) and Captive Power Producers (CPPs). Their services include developing, building, owning, managing, and maintaining solar power plants across Gujarat, with a current installed capacity exceeding 445 MW. They cater to IPPs by directly generating and selling solar electricity, while also providing Engineering, Procurement, and Construction (EPC) services to CPP clients who wish to set up their solar power facilities.

The company's shares have an ROE of 17 per cent and an ROCE of 18 per cent. The company has a market cap of over Rs 10,000 crore with a strong order book of 3+ GW. The stock gave multibagger returns of 613 per cent in just 3 years and a whopping 3,669 per cent in 4 years.

Disclaimer: The article is for informational purposes only and not investment advice.