KPI Green Energy secured 9.40 MW PV project order

KPI Green Energy received orders for 9.40 MW solar power projects, with 5 MW to be handled by the company and 4.40 MW by its subsidiary, KPIG Energia, under the captive power producer segment. The projects will be completed in phases during the financial year 2024-25. KPI Green Energy develops and operates grid-connected solar projects, supplying power from its plants. KPI Green Energy's consolidated net profit grew by 46.87% to INR 50.60 crore ($5.81 million) in Q3 FY24. Revenue from operations rose by 84.20% to INR 330.11 crore ($37.92 million) in Q3 FY24. After the announcement, the company's stock increased by 2.83% to INR 1,699.10 (~$19.53).