Shares of KPI Inexperienced Vitality Ltd had been buying and selling within the inexperienced and a couple of% increased on 17 October after the corporate introduced securing an order value Rs 696.5 crore from SJVN.
KPI Inexperienced Vitality introduced that it secured three Letters of Award (LoAs) from state-run SJVN Ltd. for creating a 200 MW alternating present (AC) solar energy challenge on the GIPCL Renewable Vitality Park in Khavda, Gujarat. The challenge features a full engineering, procurement, and development (EPC) bundle, together with a long-term operation and upkeep (O&M) contract.
In response to the corporate’s trade submitting, the primary contract, valued at Rs 486.89 crore, covers the provision of all plant and tools on the challenge website. The second contract, value Rs 178.27 crore, pertains to erection, testing, commissioning, and civil and structural works. The third contract, valued at Rs 31.34 crore, supplies for complete O&M providers for 3 years from the industrial operation date.
With the addition of this 200 megawatt (MW) AC challenge to its ongoing 645 MWp photo voltaic cluster, KPI Inexperienced Vitality’s complete portfolio at Khavda will now exceed 845 MWp (DC), additional strengthening its place as a number one photo voltaic developer and EPC service supplier within the area.
The submitting added, “The award from an esteemed Central Public Sector Enterprise like SJVN is a testomony to our confirmed execution capabilities and reliability in delivering large-scale photo voltaic initiatives.”
At 12:49 pm, the shares of KPI Inexperienced Vitality had been buying and selling 2.23% increased at Rs 470 on NSE.
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