New Delhi: Shares of KPI Green Energy Limited saw a huge rally on Monday. The stock jumped 6.07% in early trade. The scrip touched a 52-week high of Rs 877.20 on the BSE. In the last one month, the company has extended its support to several ventures, which shows the company’s involvement in several initiatives. The company informed the exchange that it has received commissioning certificates from GEDA for a 6.40 MW solar power plant in CPP category. Also, the company has received commissioning certificates from GEDA for a 7.20 MW wind-solar hybrid power project. The company hereby informs its client M/s. Nouveau Jewelery LLP will supply to Surat. The company also informed the exchange that it has received commissioning certificates from GEDA for the 26.10 MW wind-solar hybrid project. It has 16.10 MW wind and 10 MW solar capacity. Similarly, the company has received a letter of intent (LOI) for a 40 MW wind-solar hybrid power project. It has 21.50 MW wind and 18.50 MW solar capacity. From this project the company will supply to M/s Anupam Rasayan India Ltd., Surat. The three year ROE of the company has been 38.8%. The financial result of the company has been excellent and its future is bright. KPI Green Energy Limited is a solar power company engaged in the development, construction, ownership, operation and maintenance of solar power plants. It works as an Independent Power Producer and Captive Power Producer and operates under the Solarism brand name. Investors should keep a close watch on this small-cap power generation stock. Its stock has given more than 167% return in last one year and has gained 5630% in three years.
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