The company got the commission from Gujarat Energy Development Agency.
(Source: Company Website)
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Shares of KPI Green Energy Ltd. rose after it received commissioning certificates for a solar power project from the Gujarat Energy Development Agency.
The solar power project will have a capacity of 7.27 MW through KPI Green Energy, and 2.91 MW through KPIG Energia Pvt. (a wholly owned subsidiary of the company), according to its exchange filing on Tuesday.
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Shares of KPI Green Energy gained 3% to Rs 546.35 apiece, compared to a 0.33% fall in the benchmark NSE Nifty 50 as of 10:51 a.m.
The stock rose 4.52% intraday, while the average traded volume so far in the day stood at 6.6 times its monthly average.