Synopsis:
KPI Inexperienced Power Restricted has signed an influence buy settlement with Gujarat Urja Vikas Nigam Restricted for establishing a wind energy challenge in Gujarat.
The shares of a small-cap firm that focuses on working as an impartial energy producer and likewise presents providers to captive energy producer clients drew investor consideration after signing an influence buy settlement with Gujarat Urja Vikas Nigam Restricted.
With a market capitalization of Rs.10,064.39 crores, the shares of Garuda Development and Engineering Restricted closed at Rs.510, down by 4.17 p.c from its earlier day closing worth of Rs.532.20.
Settlement
KPI Inexperienced Power Restricted has signed a Energy Buy Settlement with GUVNL for a 150 MW wind energy challenge in Gujarat, and has additionally obtained approval from the Gujarat Electrical energy Regulatory Fee for the tariff and PPA.
The challenge is scheduled to start supplying electrical energy on November 3, 2027, beneath a 25-year PPA with a hard and fast tariff of Rs.3.64 per unit. This deal underscores KPI Inexperienced’s functionality in executing large-scale renewable vitality initiatives and strengthens its place within the wind energy sector.
KPI Inexperienced Power Restricted’s MD, Mr. Faruk Patel, commented as follows: “We’re delighted to execute this 150 MW Wind PPA with GUVNL. The challenge underscores our constant efficiency in aggressive bidding and reinforces our dedication to accelerating India’s clear vitality transition. This milestone additionally brings us nearer to our strategic goal of attaining 10 GW of put in renewable capability by 2030.”
In regards to the Firm
KPI Inexperienced Power Restricted, based in 1994 by Dr. Faruk G. Patel, KP Group has grown right into a diversified conglomerate with strengths in renewable vitality, infrastructure, and innovation. Over the previous 30 years, it has led sustainable initiatives in wind, photo voltaic, hybrid vitality, battery vitality storage programs, and inexperienced hydrogen, supporting India’s inexperienced vitality objectives.
With a powerful renewable vitality portfolio, KP Group is acknowledged as a dependable companion for firms aiming to decrease their carbon footprint and continues to drive India’s vitality transition whereas setting new requirements within the sector.
The corporate’s income elevated from Rs.348 crore in Q1FY25 to Rs.603 crore in Q1FY26, whereas web revenue rose from Rs.66 crore to Rs.111 crore for a similar time interval. It has a return on fairness of 19 p.c and a return on capital employed of 17 p.c. The corporate’s P/E ratio is 28.02, decrease than the business common of 29.38.
Written by: Jhanavi Sivakumar
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