Shares of KPI Green Energy Ltd remain in information today as the business has actually tattooed a Memorandum of Understanding (MoU) with the Rajasthan federal government for the advancement of crossbreed solar and wind power tasks in Jaisalmer,Rajasthan Additionally, KPI Green has actually revealed January 3 as the document day to figure out the qualification of investors for its recommended incentive concern of equity shares. The incentive shares will certainly be provided in the proportion of one equity share of Rs 5 stated value for each 2 existing shares held. KPI Green’s board had actually originally advised the incentive concern on November 14.
The multibagger supply finished 2.08% reduced at Rs 763.35 in the previous trading session. The power supply opened up lower at Rs 764.80 on Thursday versus the previous close of Rs 779.55 on BSE. The supply has actually climbed 385% in 2 years and obtained 1423% in 3 years.
KPI Green Energy shares have actually gotten 385% in 2 years and climbed 71.01% in a year. The supply has actually climbed up 71.70% in 2 years.
A total amount of 0.39 lakh shares of the company transformed hands, totaling up to a turn over of Rs 2.97 crore on BSE. Market cap of the business stood at Rs 10,019 crore on BSE.
The supply struck a document high of Rs 1116 on August 12, 2024 and a fell to 52-week low of Rs 406.87 on December 21, 2023.
In regards to technicals, the family member stamina index (RSI) of KPI Green Energy stands at 42.5, indicating it’s trading neither in the overbought neither in the oversold area. The supply is trading less than the 10 day, 20 day, one month, 50 day, 100 day, 150 day and 200 day relocating standards.
“KPI Green Energy Limited (‘Company’) has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan for the development of Hybrid, Solar & Wind Power Projects at Jaisalmer (Ramgarh), Rajasthan. The Government of Rajasthan would facilitate the Organisation/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. 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,” claimed the company.
KPI Green Energy is a solar energy creating business concentrated on supplying solar energy both as an Independent Power Producer (IPP) under the trademark name of’ Solarism’ and as provider to Captive Power Producer (CPP) consumers.
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