KPI Green Energy’s share price jumped 6% to a 52-week high of Rs 925 in first trading on August 25 after the company received the operating certificate for the solar project- his combined wind.
The company has received an operating certificate from the Gujarat Energy Development Authority (GEDA) for its 4.10 MW hybrid wind-solar project at Bharuch in Gujarat.
The power project includes 2.10 MW wind capacity and 2 MWcc solar capacity, drawn from the company’s own portfolio of power generation assets.
“We have received an operating certificate from the Gujarat Energy Development Authority (“GEDA”) for our 4.10 MW hybrid wind-solar project, which includes 2.10 MW wind capacity and solar power. 2 MWcc solar capacity, forming our own portfolio of power generation assets, in Samoj. location in Jambusar, Dist. “Bharuch, Gujarat under the Gujarat Hybrid Wind-Solar Energy Policy 2018,” the company said in its statement. The company has arranged to sell the energy produced by this wind-solar hybrid project to commercial and industrial (C&I) customers, he added. On August 16, the company signed a Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT), a subsidiary of Mahatma Phule Backward Class Development Corporation (MPBCDC). , a government enterprise in Maharashtra. This cooperation establishes an important strategic partnership to promote various projects, especially those in the field of renewable energy.
The company posted a 50% increase in net profit for the June quarter to Rs 33.26 crore.
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