KPI Green Energy Ltd

(KPIGREEN)

KPI Green Energy Secures Approval for Hybrid Project - 06 Sep, 2024

KPI Green Energy Ltd. has received approval for a 12.72 MW wind-solar hybrid power project from the Chief Electrical Inspector. Additionally, the company has received letters of intent for solar power projects totaling 13.30 MW under its captive power producer segment.

ICRA Upgrades KPI Green Energy Ratings to 'A' - 05 Sep, 2024

ICRA upgraded KPI Green Energy's long-term rating to 'A' with a positive outlook, citing improved capital structure and profitability. The upgrade follows a Rs 1,000 crore QIP fund-raising, aimed at debt repayment and supporting new projects. However, concerns remain regarding leverage and execution risks due to ongoing projects concentrated in Gujarat. The stock fell 0.92% to Rs 886.05 on the BSE.

KPI Green Energy Secures CEIG Approval for Solar Projects - 04 Sep, 2024

KPI Green Energy has received CEIG approval for 16 MW solar projects, marking a significant milestone in its renewable energy expansion. The company reported a 99% increase in net profit for Q2 FY25, reaching ₹66.11 crore, alongside an 83.6% revenue growth year-over-year.

KPI Green Energy Subsidiary Secures Solar Projects - 03 Sep, 2024

KPI Green Energy's subsidiary, Sun Drops Energia, received Letters of Intent for 7 MW solar projects, boosting investor confidence and stock performance. The company reported significant profit growth and plans to complete the projects in FY25.

KPI Green Energy Reports Strong Financial Performance - 01 Sep, 2024

KPI Green Energy Ltd. showcased impressive financial results with a 201% stock return, 84% revenue growth to Rs 348 crore, and a 100% increase in net profit to Rs 66 crore in Q1FY25.

KPI Green Energy Achieves Debt-Free Status with Strong Returns - 29 Aug, 2024

KPI Green Energy has achieved zero net debt status, delivering 475% returns over two years. The company reported a 99% YoY profit increase and strong revenue growth, with a robust order book. SBI Securities maintains a buy rating with a price target of Rs 1246.

KPI Green Energy Achieves Debt-Free Status and Profit Surge - 28 Aug, 2024

KPI Green Energy has achieved zero net debt status, significantly improving its financial position. The company reported a 99% YoY profit increase and plans to expand renewable capacity to 1000 MW by 2025.

KPI Green Energy Secures 13.30 MW Solar Project - 27 Aug, 2024

KPI Green Energy Ltd's subsidiary, Sun Drops Energia, has received letters of intent for a 13.30 MW solar power project, boosting investor confidence and share prices.

KPI Green Energy Secures 13.30 MW Solar Projects - 26 Aug, 2024

KPI Green Energy announced receiving Letters of Intent for 13.30 MW of solar projects from its subsidiary, Sun Drops Energia, scheduled for completion in FY24-25. Despite this positive news, the stock fell by 2.05% on the same day.

KPI Green Energy Completes Successful QIP Fundraising - 19 Aug, 2024

KPI Green Energy successfully concluded a Rs 1,000 crore Qualified Institutional Placement, pricing shares at Rs 935 each. The stock has surged 253% over the past year, with SBI Securities identifying it as a 'Rising Star' for 2024, maintaining a buy rating and a price target of ₹1,246.

KPI Green Energy Completes Rs 1,000 Crore QIP - 17 Aug, 2024

KPI Green Energy successfully concluded a qualified institutional placement (QIP) of equity shares, raising Rs 1,000 crore by allotting 1.06 crore shares at Rs 935 each, increasing its paid-up capital significantly.

KPI Green Energy Launches Qualified Institutional Placement - 13 Aug, 2024

KPI Green Energy has approved and launched its Qualified Institutions Placement (QIP) on August 12, setting a floor price of Rs 983.24 per share.

KPI Green Energy Sets QIP Floor Price at ₹983 - 12 Aug, 2024

KPI Green Energy Limited has set the floor price for its Qualified Institutional Placement (QIP) at ₹983 per share, aiming to raise capital for growth. The QIP is officially open as of August 12, 2024, following board and shareholder approvals.

KPI Green Energy Reports Strong Q1 Results - 08 Aug, 2024

KPI Green Energy's Q1 FY25 net profit doubled to Rs 66.11 crore, driven by increased revenue of Rs 349.85 crore. An interim dividend of 0.20 paisa per share was also declared, with a record date of August 21, 2024.