KPI Green Energy Limited has garnered investor attention with its announcement of a bonus issue in a 1:2 ratio, alongside significant business developments. The company, a leading player in renewable energy, continues to solidify its position in the industry with robust financial performance and strategic partnerships.
Bonus Issue Details
KPI Green Energy has fixed Friday, January 3, 2025, as the record date to determine the eligibility of shareholders for the proposed bonus issue. Under this scheme, shareholders will receive 1 equity share of ₹5 each for every 2 existing equity shares held.
This move is seen as a strategic initiative to reward shareholders and enhance the liquidity of the company’s stock in the market.
Major Business Developments
In a notable business expansion, KPI Green Energy has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan to develop hybrid solar and wind power projects in Jaisalmer (Ramgarh).
The Government of Rajasthan has assured assistance in obtaining the necessary permissions and clearances, aligning with the state’s policies to promote renewable energy. This partnership underscores the company’s focus on scaling its clean energy solutions while contributing to India’s renewable energy goals.
Financial Performance
KPI Green Energy reported a stellar financial performance for Q2 FY25, marked by:
- Revenue Growth: Revenue surged by 67% to ₹359.7 crore, compared to ₹215.1 crore in Q2 FY24.
- EBITDA Increase: EBITDA rose by 87% to ₹134.4 crore, showcasing operational efficiency.
- Profit Surge: Profit After Tax (PAT) more than doubled, increasing by 101% to ₹69.8 crore from ₹34.7 crore in Q2 FY24.
The company’s consistent financial performance highlights its ability to scale operations efficiently while maintaining profitability.
Landmark Project with Coal India Limited
KPI Green Energy recently secured its largest-ever order from Coal India Limited (CIL) for the installation of a 300 MWAC ground-mounted solar PV plant. Valued at ₹1,311 crore, this project will include Operation and Maintenance (O&M) services for five years.
The project will be executed on an EPC (Engineering, Procurement, and Construction) basis, further strengthening the company’s portfolio in large-scale renewable energy projects.
As it expands its footprint in solar and hybrid energy, KPI Green Energy remains a compelling growth story in India’s renewable energy sector.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice.
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