Market Performance
KPI Green Energy Ltd.'s share price increased 4% during the morning trading session on Thursday after the announcement of a 1.8 GW Memorandum of Understanding (MOU) for renewable energy projects in Madhya Pradesh.
The share price opened at ₹415.95 on the Bombay Stock Exchange (BSE), marking a 4.6% rise compared to the previous day's closing of ₹397.55. Throughout the trading session, the stock fluctuated between an intraday high of ₹415.95 and a low of ₹402.45.
Over the past few months, KPI Green Energy Ltd. has experienced significant volatility. The stock reached a 52-week high of ₹744.37 in August 2024 but declined to approximately ₹317 by the last week of January 2025. However, it has since shown signs of recovery.
MOU for Renewable Energy Projects
On February 25, 2025, after market hours, KPI Green Energy Ltd informed the exchanges about signing an MOU with the Government of Madhya Pradesh. This agreement was finalized during the Global Summit 2025 held in Bhopal on February 24, 2025.
Under this agreement, KPI Green Energy, in collaboration with KP Group, will work with the New and Renewable Energy Department of Madhya Pradesh to develop 1.8 GW of solar, wind, hybrid, battery energy storage systems (BESS), and biomass-based projects.
This initiative aligns with national and state renewable energy objectives, reinforcing the company's commitment to sustainable energy development.
Additional Project Orders
KPI Green Energy has been actively securing project orders. On February 10, 2025, the company received Letters of Award for a 15.90 MWDC Solar Power Plant under the Captive Power Producer (CPP) segment. This reflects ongoing momentum in its project execution and capacity expansion.
Summary
KPI Green Energy Ltd has made strategic advancements in the renewable energy sector through its 1.8 GW project agreement with the Government of Madhya Pradesh. The stock has fluctuated over recent months but has shown signs of recovery.
Easy & quick
Leave A Comment?