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KPI Green Energy, a major player in the renewable energy sector, experienced a slight rise in share price following its strategic alliance with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT), a subsidiary of the Maharashtra government’s Mahatma Phule Backward Class Development Corporation (MPBCDC).
Shares of KPI Green Energy saw a 0.32 percent increase, trading at Rs 841.20 on the Bombay Stock Exchange. The collaboration aims to bolster diverse projects, with a specific focus on renewable energy endeavors.
KPI Green Energy assumes the role of a knowledge partner, contributing vital insights to surmount initial challenges and crafting project-specific strategic plans. The company commits to providing comprehensive operational and control management support throughout the project lifecycle.
Notably, KPI Green Energy recently clinched a significant solar photovoltaic power project development bid, securing a total capacity of 200MWAC (240MWP). The company’s robust financial performance, reporting a Q2 profit of Rs 33.26 crore, reinforces its position as a driving force in sustainable energy solutions.