KPI Green Energy announced that its subsidiary Sun Drops Energia, received letters of award (LoAs) for development of solar power projects with a cumulative capacity of 32.15 MW under the 'captive power producer (CPP)' business segment.
The projects are tentatively scheduled to be completed in the financial year 2025-26, in various tranches as per the terms of the orders.KPI Green Energy develops and maintains grid-connected solar power projects and sells power units generated from the company's solar plants.
The companys consolidated net profit surged 101.2% to Rs 69.93 crore on a 67.2% jump in revenue from operations to Rs 359.68 crore in Q2 FY25 over Q2 FY24.
The scrip slipped 3.29% to currently trade at Rs 553.55 on the BSE.
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