KPI Green Energy signs MoU with Odisha government to establish Renewable Energy Parks
Earlier, the company said its subsidiary un Drops Energia Pvt Ltd has received letters of intent for the development of solar power projects with a cumulative capacity of 32.15 MW under the company's captive power producer (CPP) business segment.

KPI Green Energy signs MoU with Odisha government to establish Renewable Energy Parks
KPI Green Energy has signed a Memorandum of Understanding (MoU) with the Odisha government to establish renewable energy parks in Ganjam. "By signing this MoU, we demonstrate our mutual commitment to the growth of the renewable energy sector and our vision for a sustainable, clean energy future," the company said in an exchange filing.
Earlier, the company said its subsidiary un Drops Energia Pvt Ltd has received letters of intent for the development of solar power projects with a cumulative capacity of 32.15 MW under the company's captive power producer (CPP) business segment.
The entities awarding the orders are Aditya Ultra Steel, Suraj Dyeing & Printing, Sunita Processors, Balaji Polyester, Citizen Metalalloys, Suez Internationals, Vintage Tiles, SIddheswari Textile, PD & Sons, Hayat Enterprise, Meghdoot Leisure and Devang Paper Mill. The projects are tentatively scheduled to be completed in the 2025-26 financial year, in various tranches.
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KPI Green shares were trading ex-bonus from January 3. The company had announced the issue of one free share for every two shares held as of the record date. At the end of the March quarter, KPI Green Energy had 1.51 lakh retail shareholders, based on the data available on BSE's shareholding pattern.
At the end of the September quarter, that number increased to 2.53 lakh. In percentage terms, retail shareholders now hold a 22.58% stake in KPI Green Energy, compared to the 20.95% they held at the end of March 2024. The promoter stake has come down from 53.08% in March to 48.77% in September.
KPI Green Energy shares hit a 5% upper circuit on Wednesday, January 29. However, the stock has fallen 46.83% in the last six months.
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