Samyag

Corporate Actions

Back

KPI Green Energy gains after securing Rs 489-cr floating solar project from GSECL

02-Dec-25 15:35 Hrs IST

According to an exchange filing, the project will be executed on a full turnkey basis, covering design, engineering, procurement, construction and installation of the floating solar system. The scope also includes grid-connection infrastructure such as a 33 kV underground transmission line to the pooling station and 33/220 kV bays at the Kadana substation.

The project has an aggregate capacity of 142 MW (DC) / 110 MW (AC) and carries a total contract value of Rs 489.17 crore. It is scheduled for completion within 18 months and includes a comprehensive 10-year operation and maintenance (O&M) contract.

The company further stated that neither its promoters nor the promoter group have any interest in the awarding authority, and the transaction does not fall under related-party transaction norms.

KPI Green Energy develops, builds, owns, operates, and maintains solar and hybrid power plants as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPP) under the brand name of 'Solarism.'

The company reported a 56% increase in consolidated net profit to Rs 109.11 crore on a 76.4% jump in revenue from operations to Rs 634.30 crore in Q2 FY26 over Q2 FY25.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.