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KPI Green Energy Secures Rs. 272 Crores for Hybrid Power Project in Gujarat

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KPI Green Energy Secures Rs. 272 Crores for Hybrid Power Project in Gujarat

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KPI Green Energy Limited ( (IN:KPIGREEN) ) has shared an update.

KPI Green Energy Limited has secured financial assistance of Rs. 272 Crores from the National Bank For Financing Infrastructure and Development (NaBFID) to partially finance a 50MW hybrid power project in Bharuch, Gujarat, comprising 75.2MWp solar and 16.95MW wind capacity. This project, developed under a 25-year Power Purchase Agreement with Gujarat Urja Vikas Nigam Limited, will enhance the company’s renewable energy portfolio and support its goal of reaching 10 GW capacity by 2030.

More about KPI Green Energy Limited

KPI Green Energy Limited operates in the renewable energy sector, focusing on the development and management of solar and wind power projects. The company is committed to expanding its renewable energy portfolio and aims to achieve a capacity of 10 GW by 2030.

YTD Price Performance: -31.41%

Average Trading Volume: 169,687

Current Market Cap: 74.37B INR

For an in-depth examination of KPIGREEN stock, go to TipRanks’ Stock Analysis page.

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