KPI Green Energy’s Share Price Rises On MoU With Madhya Pradesh Government
KPI Green Energy Ltd.'s share price rose over 4% after it signed a Memorandum of Understanding with the New and Renewable Energy Department of the Madhya Pradesh government.
The company will develop renewable energy projects totaling 1.8 GW. This agreement was formalised at the Global Summit 2025, held in Bhopal on Feb. 24, 2025.
The MoU encompasses a diverse range of renewable energy projects, including solar, wind, hybrid, battery energy storage systems, and biomass-based projects. This strategic move is expected to bolster KPI Green Energy's position in the renewable energy sector and contribute to the state's sustainable energy goals.
KPI Green Energy, a subsidiary of KP Group, has been making significant strides in the renewable energy market.
The company's revenue rose 38.8% to Rs 458 crore in the third quarter, compared to Rs 330 crore in the same period last year.
Ebitda also rose 32.2% to Rs 137 crore from Rs 104 crore. However, margins contracted to 29.9%, compared to the previous year's 31.4%.
Despite this, net profit for the quarter jumped by 68.3%, reaching Rs 85.2 crore from Rs 50.6 crore.
KPI Green Share Price
Shares of KPI Green rose as much as 4.61% before paring gains to trade 0.89% higher at Rs 401 apiece, as of 10:08 a.m. This compares to a flat NSE Nifty 50.
The stock has fallen 31.73% in the last 12 months. The relative strength index was at 46. The one analyst tracking the company maintains a 'buy' rating on the stock, according to Bloomberg data.
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