KPI Green Energy Ltd emerges successful bidder for MAHAGENCO tender

KPI Green Energy Limited (Formerly known on K.P.I. Global Infrastructure Limited) has emerged as the successful bidder in the Maharashtra State Power Generation Co. Ltd. (MAHAGENCO) tender for development of 100MWAC Solar Power Project. This achievement marks a significant milestone in our journey towards growth, consolidation and excellence.

The Company had participated under the "EPC package with land to develop cumulative capacity 600 MWAC Solar-PV Power Projects at various locations in Maharashtra under RE Bundling Scheme vide RFX No. 3000042146" issued by MAHAGENCO. This tender was for the development of cumulative capacity of 600 MWAC Solar-PV Power Projects at various locations in Maharashtra under RE Bundling Scheme. We have received the Letter of Intent from MAHAGENCO with Ref. No. CE/REP&P/600MW/RE Bundling/No00407 dated March 15, 2024, awarding us the 100 MWAC Solar Power Project.

We are thrilled to announce that this tender win marks a pivotal moment in our journey as we expand our business beyond the state of Gujarat. It underscores our ambition to play a key role in advancing renewable energy solutions at a broader geographical level. Moreover, It gives us immense pride to share that this tender win is aligned with our strategic vision and ambitious target of achieving 1000 MW by the year 2025.

Shares of K.P.I. Green Energy Ltd was last trading in BSE at Rs. 1453.35 as compared to the previous close of Rs. 1487.15. The total number of shares traded during the day was 46884 in over 4975 trades.

The stock hit an intraday high of Rs. 1544.00 and intraday low of 1424.00. The net turnover during the day was Rs. 68651508.00.

Source : Equity Bulls

Keywords

KPIGreenEnergy INE542W01017 SuccessfulBidder MAHAGENCO Tender 100MWAC SolarPowerProject