20 Dec , 2024 By : Debdeep Gupta
KPI Green Energy's share price rose 3 percent in the early trade on December 20 on signing a Memorandum of Understanding (MoU) with the Government of Rajasthan for the development of hybrid, solar & wind power projects at Jaisalmer (Ramgarh), Rajasthan.
At 09:33 am, KPI Green Energy was quoting at Rs 787.00, up Rs 23.65, or 3.10 percent, on the BSE.
The government of Rajasthan would facilitate the organization/company to obtain necessary permissions/clearance etc. from concerned departments of the state as per the existing policies/rules and regulations of the state government, the company said.
In another development, the company has fixed Friday, January 03, 2025, as the ‘record date’ for determining the eligibility of shareholders entitled to the issuance of bonus equity shares of the company in the proportion of one equity share of Rs 5 each for every two existing equity share of Rs 5 each, subject to the approval of shareholders which is being obtained through postal ballot.
Earlier this month, the company received the largest-ever order for setting up of 300 MWAC (405 MWDC) Ground mounted Solar PV plant including Operation & Maintenance (O&M) services on a comprehensive basis for a period of 05 years from Coal India worth Rs 13.11 billion.
The share touched a 52-week high of Rs 1,116.00 and a 52-week low of Rs 417.00 on 12 August 2024 and 27 December 2023, respectively.
Currently, the stock is trading 29.48 percent below its 52-week high and 88.73 percent above its 52-week low.
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